We investigate the relationship between corruption and political stability, from both theoretical and empirical perspectives. We propose a model of incumbent behavior that features the interplay of two effects : A horizon effect, whereby greater instability leads the incumbent to embezzle more...

We investigate how the link between individual schooling and political participation is affected by country characteristics. We introduce a focus on a set of variables - namely factor endowments - which inuence the relative productivity of human capital in political versus production activities....

Creation of the Council on Economic and Fiscal Policy (CEFP) made Japans economic and fiscal policy making more transparent, consistent and coherent. This new institutional arrangement accelerated structural reform and improved economic and fiscal policy making in general, thus contributing to...