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Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam
Bai, Jie; Jayachandran, Seema; Malesky, Edmund J.; … - C.E.P.R. Discussion Papers - 2013
Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross …-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … results suggest that as poor countries grow, corruption could subside …
Persistent link: https://www.econbiz.de/10011084684
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Growth, Volatility and Political Instability: Non-Linear Time-Series Evidence for Argentina, 1896-2000
Campos, Nauro F; Karanasos, Menelaos - C.E.P.R. Discussion Papers - 2007
What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...
Persistent link: https://www.econbiz.de/10005667076
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Governance and Growth
Gradstein, Mark - C.E.P.R. Discussion Papers - 2002
Because of its inappropriability, protection of property rights is widely recognized as being the state’s responsibility. Moreover, recent empirical evidence suggests that it leads to higher investment levels and faster growth. Nevertheless, the extent of property rights protection differs...
Persistent link: https://www.econbiz.de/10005788934
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Political Competition and Economic Performance: Theory and Evidence from the United States
Besley, Timothy J.; Persson, Torsten; Sturm, Daniel M - C.E.P.R. Discussion Papers - 2005
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance...
Persistent link: https://www.econbiz.de/10005792440
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Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896-2000)
Campos, Nauro F; Karanasos, Menelaos; Tan, Bin - C.E.P.R. Discussion Papers - 2008
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10005114221
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Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth
Campos, Nauro F; Dimova, Ralitza; Saleh, Ahmad - C.E.P.R. Discussion Papers - 2010
Does corruption grease or sand the wheels of economic growth? This paper uses meta-analysis techniques to … corruption on growth from 41 empirical studies. We find that the main factors explaining the variation in these estimates are … whether the model accounts for institutions and trade openness (both are found to deflate the negative effect of corruption …
Persistent link: https://www.econbiz.de/10008784757