That is the title of a new working paper by Ben Olken and Rohini Pande:
“Recent years have seen a remarkable expansion in economists’ ability to measure corruption. This, in turn, has led to a new generation of well-identified, microeconomic studies. We review the evidence on corruption in developing countries in light of these recent advances, focusing on three questions: how much corruption is there, what are the efficiency consequences of corruption, and what determines the level of corruption. We find robust evidence that corruption responds to standard economic incentive theory, but also that effects of anti-corruption policies often attenuate as officials find alternate strategies to pursue rents.”
“Hope and Hype Outpace Proven Treatments”: Sounds Familiar?
You would think this New York Times article is about aid and development, especially when glancing at the subtitles (“A Theory Becomes a Fad,” “Conflicting Studies,” “The Next Big Thing”), but I guarantee it’s not:
“But now researchers are questioning many of the procedures, including new ones that often have no rigorous studies to back them up.