politician corruption that we conducted in North India is remarkably consistent with our theoretical predictions. …

rates. Further, the S&P 500 market seems to be well integrated, and the NASDAQ is generally (but not always) integrated. The …

assets traded on a given market share the same EMRS. The technique is also powerful enough to reject integration between the …

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of …

The economics literature provides ample evidence that higher corruption discourages FDI inflows. In this paper we … inflows on corruption. We present a simple model that illustrates the two-way relationship between foreign direct investment … and corruption, identifying exactly the direction of causality that we address: how do “exogenous“ variations in FDI …

and decreasing in officials' corruption. In contrast to the "tollbooth view" of regulation, the standard chosen by a self …-interested government is a non-monotonic function of officials' corruption, and can be either lower or higher than that chosen by a …-capita income, and negatively with corruption, consistently with the model's predictions for benevolent governments …

are desperate, vulnerable, or demanding services particularly prone to corruption. The effect is strongest for bribery of …

by inefficiencies and corruption. We examine this hypothesis by exploiting an unusual policy experiment: A newspaper …