. (2017) our main findings are the following: i) countries experiencing a high degree of corruption, a high risk to investment … evidence for a threshold effect on the relationship between investment profile-RER, corruption-RER and political instability …-RER. Specifically, political instability and corruption adversely affect real exchange rate especially when they exceed the threshold …

social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We … test this hypothesis on a dataset of Italian provinces, and address the possible endogeneity of corruption by applying an … IV model. We use three sets of historical instruments for corruption: 1) foreign dominations in 16th-17th century, 2 …

Numerous countries are introducing citizen feedback schemes to tame corruption. We study how best to incorporate …

corruption-free or plagued by corruption. Contingent on the nature of adjudicatory bias, bribery either discourages private … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of … can be social welfare-enhancing even in the presence of corruption. Under some circumstances, corruption actually …

corruption where the judicial system is independent, this relationship has more ambiguous effects where the legal system is weak … and susceptible to politicization. These effects remain after controlling for standard determinants of corruption. …