Showing 1 - 10 of 114
This essay develops the financial instability hypothesis of Hyman Minsky through an analysis of the pitfalls of the liberal regulatory framework in order to deal with long-standing and long-lasting financial issues of capitalist economies. It argues that the roots of the 2007/08 crisis are...
Persistent link: https://www.econbiz.de/10010899268
This paper investigates empirically the relationships between the corruption climate and the demand for good governance … accountability as well as the firm's behavior in terms of corruption practices. While there is a growing theoretical literature on … the importance of externality mechanisms of corruption phenomena, little empirical evidences has been highlighted. This …
Persistent link: https://www.econbiz.de/10009004911
of the Russian economy since the beginning of the transition. We study the politico-economic configuration in Russia in … stabilized afterwards. Meanwhile, the economic (and hence political) equilibrium in Russia remains extremely dependent on …
Persistent link: https://www.econbiz.de/10008792052
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