Person:
Kraay, Aart
Author Name Variants
Fields of Specialization
Macroeconomics,
Debt management,
Economic growth,
Inequality and shared prosperity
Degrees
Departments
Development Research Group, The World Bank
Externally Hosted Work
Contact Information
Last updated
January 31, 2023
Biography
Aart Kraay is Director of Research in the Development Research Group at the World Bank. He joined the World Bank in 1995 after earning a Ph.D. in economics from Harvard University (1995), and a B.Sc. in economics from the University of Toronto (1990). His research interests include international capital movements, growth and inequality, governance, and the Chinese economy. His research on these topics has been published in scholarly journals such as the Quarterly Journal of Economics, the Review of Economics and Statistics, the Economic Journal, the Journal of Monetary Economics, the Journal of International Economics, and the Journal of the European Economic Association. He is an associate editor of the Journal of Development Economics, and co-editor of the World Bank Economic Review. He has also held visiting positions at the International Monetary Fund and the Sloan School of Management at MIT, and has taught at the School of Advanced International Studies at Johns Hopkins University.
Publication Search Results
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Publication
Measuring Corruption : Myths and Realities
(World Bank, Washington, DC, 2007-04)The report points out that over the past decade measuring corruption has become an ever-growing empirical field. This empirical analysis questions the traditional notion of viewing the firm as an 'investment climate taker' and thus ignoring the view that powerful conglomerates can also shape the business climate and thus become 'investment climate makers'. The study implies that it is warranted to move away from simply blaming government officials for prevailing corruption, and to question the value of popular initiatives such as voluntary-and often un-monitorable-codes of conduct. In this report, some popular notions are espoused, which either lack clarity or are not backed up by rigorous analysis or evidence. In this article the authors highlight some of the main issues in these debates, in the form of seven myths and their associated realities, and conclude by also pointing to some brief implications for the private sector role in fighting corruption.