... Democracy Is . . . And Is Not,”Journal of Democracy, summer 75–88.Shleifer, Andrei and Vishny, Robert W. (1993). “Corruption,” Quarterly Journal of Economics108: 599–617.Sirowy, Larry and Inkeles, ... corrupt activities to economically irrelevant activities. This is a rather common-sense intuition, but it has interesting implications forthe relationships between democracy, corruption, and growth. ... or firm-specific favors,supply may be assumed to be low and demand high). As such, a crude market forfavors emerges, with the richest (and perhaps most efficient) firms most able tooutbid their...