01302pab a2200205 454500 180718b2017 xxu||||| |||| 00| 0 eng d Liu, Cheol Corruption and state and local government debt expansion 2017 p.681-690. Sep-Oct Theories describing rent seeking in the public sector posit a number of negative fiscal outcomes that the choices of corrupt officials may generate. The evidence presented in this article shows that states with greater intensities of public corruption have higher aggregate levels of state and local debt. If corruption in the 10 most corrupt states were only at an average level, their public debt would be 9 percent lower, or about $249.35 per capita, all else being equal. Notably, institutional control measures may not have succeeded in restraining the expansion of state and local public debt in the presence of greater levels of corruption. State and local governments would achieve more efficient levels of fiscal discipline by curbing public sector corruption. - Reproduced. Debts Local government Corruption Mikesell, John L. Moldogaziev, Tima T. Public Administration Review 116488 116482 116482 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 77, Issue no: 5 AR116948 2018-07-19 2018-07-19 AR