This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …

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 …

Corporation (MCC) was successful in promoting better control of corruption. We employ a difference … corruption over time …

economy reduces corruption in high-income countries, but increases corruption in low income countries. Finally, the various …Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and … highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a …

This paper identifies the mechanism through which financial crises exert long-term negative effects on output. Theory …

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

This article analyzes the effect of migration from a less advanced economy to a more advanced economy on economic … are incorporated. The model shows that out-migration increases fertility and reduces human capital in the source economy … host economy. I show how migration affects the inter-temporal evolution of human capital in the world economy. I also …

economy that is open to international trade. Having a workable open-economy framework allows us to address the question … at the firm level is impeded by tougher competition in the open economy …