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We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10010641421
positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …
Persistent link: https://www.econbiz.de/10005181428
There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … institutions and found that this supported their line of reasoning. We believe there is value-added to consider this debate at the … mechanisms from geography via institutions to economic development outcomes. In particular, we examine the determinants of …
Persistent link: https://www.econbiz.de/10005094269
Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International …
Persistent link: https://www.econbiz.de/10010877712
countries, communities on both sides of the long-gone Habsburg border have been sharing common formal institutions for a century …
Persistent link: https://www.econbiz.de/10008872213
This paper analyzes the impact of migration on destination-country corruption levels. Capitalizing on a comprehensive … find that while general migration has an insignificant effect on the destination country’s corruption level, immigration … understanding of the socio-economic implications associated with migration flows. …
Persistent link: https://www.econbiz.de/10010948881
This paper proposes an answer to the question of why social unrest sometimes occurs in the wake of an IMF Structural Adjustment Program (SAP). Under certain circumstances, partly determined by a country’s comparative advantage, a nation’s elite may have an incentive to make transfers to the...
Persistent link: https://www.econbiz.de/10010641420
We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...
Persistent link: https://www.econbiz.de/10010877845
We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is significantly stronger in less democratic...
Persistent link: https://www.econbiz.de/10009294093
The Great Tôhoku-Earthquake and the following nuclear meltdown in Fukushima called the world’s attention to Japans’ energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from reaching its Kyoto target. Emissions trading systems...
Persistent link: https://www.econbiz.de/10009364314