Abstract
This article starts with an observation that the employment of former regulatory officers by a regulated firm might be an integral part of the corruption-facilitating mechanism (CFM). The article hypothesizes that such employment constitutes the deferred payment for the corruption previously supplied. Although anecdotal evidence of this kind of corruption abounds, it has proven difficult to substantiate. The article provides an explanation for why this deferred payment arrangement might be attractive to both demanders and suppliers of corruption. It also offers tentative empirical support for the hypothesis that it plays a role as CFM in Korea, with the implication that this CFM hypothesis can be generalized to a host of regulatory countries.
| Original language | English |
|---|---|
| Pages (from-to) | 330-348 |
| Number of pages | 19 |
| Journal | Southern Economic Journal |
| Volume | 68 |
| Issue number | 2 |
| DOIs | |
| State | Published - 2001 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 16 Peace, Justice and Strong Institutions
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