Beyond greed and bribes: Economic rational of corruption in Pakistan

Dawood MAMOON

Abstract


Abstract. The paper explains how Pakistani economy has maintained equilibrium despite prevalence of rampant corruption in the society. However it is not to say that this is a Pareto optimal equilibrium considering higher standards of the state of the economy and social empowerment witnessed in regions like European Union or the North America. 

Keywords. Rent Seeking, Behavioral Economics.

JEL. A10.


Keywords


Rent Seeking, Behavioral Economics.

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References


Mamoon, D. (2017). Economics case study: Harvard Business School pedagogy techniques: From teaching entrepreneurship to influencing business policy through research, Turkish Economic Review, 2017, 4(3), 290-300.

Porter, M.E., & Kramer, M.R. (2011). Creating shared value: How to reinvent capitalism – and unleash a wave of innovation and growth. Harvard Business Review, 89(1/2), 62-77.




DOI: http://dx.doi.org/10.1453/jest.v5i2.1627

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