We use China's recent anti-corruption campaign as a natural experiment to examine the (market expected) equilibrium … consequences of (anti-)corruption. We argue that the announcement of inspections of provincial governments by the Central … Commission for Discipline Inspection (CCDI) on May 17, 2013 represents a significant departure of past norms of anti-corruption …

China, where a quarter of firms' R&D expenditures come from government subsidies. Using a difference-in-differences approach … subsidy awards and depressed the influence of their corruption-related expenditures. We also examine the impact of these … changes: subsidies became significantly positively associated with future innovation after the anti-corruption campaign and …

Corruption is a widespread phenomenon in many developing and transitional economies. China is a country in profile both … in the prevalence of corruption, and in its attempts to root out corruption. The recent anti-corruption campaign in China … on the measurements that highlight the city-level heterogeneity of corruption in China, and present simple frameworks to …

In this paper, we develop a dynamic model of politicians who can engage in corruption. The model offers important … insights into what determines corruption and how to design policy to combat it. We estimate the model using data from Brazil to … measure voters' willingness to pay for various commonly-proposed anti-corruption policies, such as increasing audit …

the world. This paper examines the extent to which government audits of public resources can reduce corruption by …Political corruption is considered a major impediment to economic development, and yet it remains pervasive throughout … enhancing political and judiciary accountability. We do so in the context of Brazil's anti-corruption program, which randomly …

possible to establish robust bounds on equilibrium corruption using only non-verifiable reports. Our analysis suggests a simple …

Does combating corruption reduce clientelism? We examine the impact of a prominent anti-corruption program on …