Who benefits from corruption; the private individual or the public purse?
研究了腐败如何影响个人与公共财政之间的财富分配，发现制度质量低时腐败让个人获利，制度质量高时腐败反而增加公共财富，对发展中国家尤为显著。
Abstract In this paper, we examine the impact of corruption on wealth distribution between the public purse and private individuals conditioned on the institutional quality of a country. We used panel data on 83 countries from 2000 to 2017. Our results indicate that corruption helps private individuals to accumulate more wealth at the expense of the public purse in countries with low‐quality institutions. However, corruption increases the wealth in the public purse in countries with high‐quality institutions. Our results, therefore, imply that the institutional quality of a country significantly shapes how corruption affects the wealth of private individuals and the public purse. The results are pronounced in developing countries and robust to alternative measurements and endogeneity test.