ABSTRACT. This paper aims to analyze and discuss the causes and effects of public corruption in the United States, the electoral and political drivers of public corruption, and the possible endogeneity of prosecutorial endeavor in establishing corruption convictions. My analysis complements the growing literature on the determinants and effects of political corruption, the detrimental consequences of corruption on firm value, the function of corporate governance processes when the nearby economic setting is rampant with corruption, and corruption control in the United States. pp. 87–93
JEL codes: D73; D72; L22; L25

Keywords: United States; public corruption; conviction; firm

How to cite: Ionescu, Luminita (2016), “Political and Economic Determinants of Public Corruption in the United States,” Economics, Management, and Financial Markets 11(2): 87–93.

Received 12 October 2015 • Received in revised form 11 March 2016
Accepted 11 March 2016 • Available online 10 June 2016