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Democracy and media freedom have been suggested as useful tools in the fight against political corruption, but so far … corruption-reducing effect of democracy becomes stronger as media freedom increases. Using panel data covering the period 1980 … democracy and media freedom in the fight against corruption is also supported by Indian state level data.  …
Persistent link: https://www.econbiz.de/10011004413
Many variables have been proposed by past studies as significant determinants of corruption. This paper asks if their … estimated impact on corruption is robust to alteration of the information set. A Global Sensitivity Analysis, based on the … Leamer`s Extreme-Bounds Analysis give a clear answer: five variables are robustly related to corruption. Corruption is lower …
Persistent link: https://www.econbiz.de/10010605190
When optimal policymaking is subject to dynamic inconsistencies (Kydland and Prescott, 1977), but shocks hit the economy after private agents form expectations, there is a trade off between the need to commit to a policy, and the need to retain discretion so as to respond to shocks. Rogoff...
Persistent link: https://www.econbiz.de/10005051097
We show how an outside party offering incentives to voters can manipulate at no cost collective decisions made through voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to fail than the markets for goods, because (democratic)...
Persistent link: https://www.econbiz.de/10010604871
We show how an outside party offering incentives to voters can manipulate at no cost collective decisions made through voting. Under influence, these decisions can become inefficient. Therefore, the market for policies may be more likely to fail than the markets for goods, because (democratic)...
Persistent link: https://www.econbiz.de/10005051078
Information asymmetries constitute a significant obstacle to capital flows across international borders, and in particular to flows of foreign investment (FDI) to emerging markets.  Many governments aim to reduce information barriers by emerging in investment promotion activities.  Despite...
Persistent link: https://www.econbiz.de/10011004238
Tenured public officials such as judges are often thought to be indifferent to the concerns of the elctorate and, as a result, potentially lacking in discipline but unlikely to pander to public opinion.  We investigate this proposition empirically using data on promotion decisions taken by...
Persistent link: https://www.econbiz.de/10005090629
This paper investigates the interaction between corruption and infrastructure policy reforms.  I construct a simple … model to illustrate how both an incerase in regulatory autonomy and privatisation may influence the effect of corruption … Latin America and the Caribbean between 1995 and 2007.  I find evidence that greater corruption is associated with lower …
Persistent link: https://www.econbiz.de/10009318140
reference to the level of corruption prevailing in their home countries. And, by comparing behaviour across treatments, we can … to society. We conclude that corruption is, in part, a cultural phenomenon. …
Persistent link: https://www.econbiz.de/10010820336
corruption scenario instead of in abstract terms bribes are less likely to be offered.  Higher negative externalities are also …
Persistent link: https://www.econbiz.de/10011004152