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In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...
Persistent link: https://www.econbiz.de/10010884312
politicians’ rents than proportional representation. We test these predictions using micro data for the mixed-member Italian House …
Persistent link: https://www.econbiz.de/10005703268
empirical evidence shows that bad but dedicated politicians come along with good but not fully committed politicians. There is …
Persistent link: https://www.econbiz.de/10005822047
generated by migration. Narrow self-interests may be present not only for interest groups but also for ruling politicians and …
Persistent link: https://www.econbiz.de/10010711935