Showing 1 - 10 of 33
This paper analyses the effect of public expenditure on economic growth from both a theoretical and an empirical point of view. Given that the economic literature supplies numerous and conflicting views on the topic, the article offers a framework combining both theories of market failures and...
Persistent link: https://www.econbiz.de/10010635201
The aim of this paper is to test the existence of an education production function based on data resulting from international surveys of pupil assets. The results of the estimates, using first the total sample, and then making distinctions according to the economic level of the country, show...
Persistent link: https://www.econbiz.de/10008793698
In this paper, we investigate the impact of natural resource rent on public expenditure composition. Our hypothesis is that, when institutional quality is low, politicians have more discretionary power on the allocation of public resources. Then public expenditure composition tends to be...
Persistent link: https://www.econbiz.de/10008805918
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits...
Persistent link: https://www.econbiz.de/10010933915
In this text we will show a connection between the level of corruption and the level of the FDI entering an economy. We … understanding of the process by which the corruption transmits its effects thru the economy, in this case, on the FDI. …
Persistent link: https://www.econbiz.de/10010936652
While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many …-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have … access to population's feeling about the corruption scourge across institutions. Thereby, wider room emerged for populations …
Persistent link: https://www.econbiz.de/10009323507
This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation … on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is … lower than average. An international agreement is a precondition for placing corruption fighters at the head of governments. …
Persistent link: https://www.econbiz.de/10009277879
We explore the consequences of bad governance and corruption for public debt and welfare in a model of policymaking … point of this paper is that corruption can enhance welfare in two ways: first, by mitigating the inflationary bias of … accumulation. The paper thus invokes the lack of interest for explaining the prevalence of corruption in countries with low …
Persistent link: https://www.econbiz.de/10009278335
It has been shown that corruption has a negative effect on firm productivity, but what about its impact on product … innovation ? We find that corruption, functioning as a bribe tax, diminishes the probability of new product introduction. We use …
Persistent link: https://www.econbiz.de/10010605332
education, what can explain the missing growth in developing countries ? Corruption, the poor enforcement of property rights … bad institutions have on growth, but few are examining the link between education, corruption (more generally bad … institutions) and growth. Our model assumes that at low level of GDP per head and high level of corruption education spending has …
Persistent link: https://www.econbiz.de/10010750355