Academic Journals Database
Disseminating quality controlled scientific knowledge

Corruption in Russia: A Model Exploring its Economic Costs

Author(s): Michael Barry

Journal: Caucasian Review of International Affairs
ISSN 1865-6773

Volume: 3;
Issue: 4;
Start page: 387;
Date: 2009;
Original page

Keywords: Russia | corruption | computable general equilibrium | CGE | UN Convention against Corruption | UNCAC | Global Trade Analysis Project | GTAP

The Russian Federation is one of 116 countries which have ratified the United Nations Convention Against Corruption, a document which sets a tone and specific provisions aimed at reducing bribery in the public and private sector, unjust enrichment of officials, embezzlement, and other forms of corruption. However, based on survey data, government reports, and the writings of international organizations, Russia has not been successful in enforcing the provisions of the UNCAC. This paper will develop a computable general equilibrium (CGE) model to quantify the macroeconomic effects of corruption in Russia. Corruption is found to cost the Russian economy billions of dollars a year. A conclusion of the paper is that implementing and enforcing the UNCAC would be of significant economic benefit to Russia and its people.
Why do you need a reservation system?      Save time & money - Smart Internet Solutions