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https://ssrn.com/abstract=162974

has been cited by the following article:

• TITLE: A Comparison between Corruption and Smuggling: Which One Is Worse?

  AUTHORS: Khandokar Istiak

  KEYWORDS: Corruption, Smuggling, Tariff, Welfare Cost

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.2, February 7, 2018

  ABSTRACT: Corruption is a universal issue for almost all developing and underdeveloped countries. It is considered as one of the most important reasons that hamper economic growth. I follow a simple graphical approach to show the dreadful economic impact of corruption on the economy. I compare two evils, corruption with smuggling, and find that the welfare cost of corruption is higher than that of smuggling. I suggest merit-based recruitment of government officers and an independent judicial system to eradicate corruption from the economy.