Showing 1 - 10 of 98
This paper investigates the informal labour market in Russia in late 1995 and estimates a labour supply function in the …
Persistent link: https://www.econbiz.de/10005662130
pronounced. We study consequences of blog postings of a popular Russian anti-corruption blogger and shareholder activist Alexei … postings about corruption in state-controlled companies have a negative causal impact on stock performance of these companies. …
Persistent link: https://www.econbiz.de/10011083322
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor. …
Persistent link: https://www.econbiz.de/10008468543
. We show that corruption opportunities are lower under centralization at each period of time. However, centralization … makes more difficult for citizens to detect corrupt incumbents. Thus, corruption is easier under centralization for low …
Persistent link: https://www.econbiz.de/10008468714
politician corruption that we conducted in North India is remarkably consistent with our theoretical predictions. …
Persistent link: https://www.econbiz.de/10005123795
We study the emergence and interaction of red tape and corruption in a principal-bureaucrat-agent hierarchy. The … the social optimum if the bureaucrat in charge of red tape is corrupt. We consider two types of corruption. First, the … bribes to conceal the information produced through red tape. The former kind of corruption tends to reduce red tape, while …
Persistent link: https://www.econbiz.de/10005123811
enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the …) rents to government employees; ii) corruption; and iii) misallocation of talent. Therefore, these observations are not by … corruption and the misallocation of talent, and increase investment. It will also often be the case that bureaucracies will …
Persistent link: https://www.econbiz.de/10005124188
the underlying offense with a criminal sanction for corruption, both imposed on offenders. A higher criminal sanction for … the underlying offense implies that the government must spend more resources to detect and punish corruption (since the … sanction for corruption (in order to offset the negative effect on deterrence). …
Persistent link: https://www.econbiz.de/10005124218