03:00pm to 04:30pm
SDPI Seminar Hall, 38, Embassy Road, G-6/3, Islamabad
Corruption in its various forms is believed to be one of
the major impediments to sustainable development and economic growth.
Apart from earlier advocates of development friendly corruption, today, there
is an overwhelming consensus among both academics and international
organizations that corruption does more ‘harm’ than ‘good’ (if
any). In this talk, Dr Waqar Wadho will start with contesting the strand of
literature that advocates the development friendly facet of corruption, i.e. it
greases the wheels of commerce and is efficiency enhancing. This would be
followed by the presentation of his three original pieces of contribution to
the economic theory of corruption. He will be starting with his paper “Control
Rights, Bureaucratic Corruption and the Allocation of Resources”, published in
the European Journal of Law and Economics. This paper adds to the
literature on the determination, variance and repercussions of corruption.
Building upon the first paper, second paper deals with the rationale and
cost-effectiveness of incentive-based anti-corruption strategy. The central
argument made here is that there can be situations where the government can be
better-off by accepting corruption than eliminating it. Further, the role of
incentive based anti-corruption strategy declines in countries with higher
proportion of dishonest agents. In this sequence, the third paper builds a
theory explaining resource curse: a spiral among abundant natural resources,
low educational attainments, wide spread corruption and low economic growth. In
this paper, he provides a theory that explains the evidence where abundance of
natural resources affects both corruption and education, which in turn
determines the rate of economic growth.
Biography: Dr. Waqar Wadho is an Economist with
specialization in quantitative methods and applied economics theory. He has
earned doctorate from GREQAM, University
of Aix-Marseille, France.
Previously, he received Masters in Economics from Quaid-I-Azam
University, Islamabad. His research is focused on the
economics of corruption, growth, public finance and development. He is
publishing his work in international peer-reviewed journals such as European
Journal of Law and Economics. He also contributes to leading English
newspapers on economic issues.
Chair: Syed Qasim Ali Shah, Director Programmes Development, Sustainable Development Policy Institute (SDPI)