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in Ireland. Using an augmented aggregate production function growth model, we applied the bounds testing approach to …-run and the short-run, having positive effects on economic growth in Ireland. The causality analysis also suggests that there …
Persistent link: https://www.econbiz.de/10009363557
Graft and corruption is considered to be one of the biggest threat to development. Several studies had shown the … tremendous impact of corruption in the economy. For a number of developing countries, a huge portion of government resources are … aims to contribute to the growing literature of understanding corruption in developing economies and creating the necessary …
Persistent link: https://www.econbiz.de/10009363551
We investigate the relationship between corruption and political stability, from both theoretical and empirical … between total corruption and stability. On the empirical side, we find a robust U-shaped pattern between country indices of … corruption perception and various measures of incumbent stability, including historically-observed average tenures of chief …
Persistent link: https://www.econbiz.de/10009363967
Stringent regulations coupled with corruption generate and sustain extra legal or informal transactions in the … developing countries. Does trade related reform discourage informal activities and corruption? This paper attempts to analyze … segment. Hence, trade reforms may have conflicting impact on informality and corruption. …
Persistent link: https://www.econbiz.de/10009365145
exacerbates ineciency caused by corruption. Though designed to empower the underprivileged, the fate of such credit programs … largely depends on the eciency of the credit delivery system. Corruption often erodes this eciency. Nevertheless, when a … corrupt loan ocial and a borrower interact with symmetric information, credit terms can be so designed that corruption will …
Persistent link: https://www.econbiz.de/10009365353
The industrial transformation of Asia is a development on a scale unprecedented in human history. Following the industrial revolution towards the end of the eighteenth century, Europe and North America each in turn came to dominate the world economy and global power. Now economic weight is...
Persistent link: https://www.econbiz.de/10011277990
transact small volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and …
Persistent link: https://www.econbiz.de/10011278058
transact small volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and …
Persistent link: https://www.econbiz.de/10011278157
This paper analyzes the causes of the 2008–2009 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. The analysis is conducted on a cross-section of 85 economies; I focus on international financial linkages that may have both...
Persistent link: https://www.econbiz.de/10009651638
This paper analyzes the causes of the 2008–2009 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. The analysis is conducted on a cross-section of 85 economies; I focus on international financial linkages that may have both...
Persistent link: https://www.econbiz.de/10009651649