Showing 1 - 10 of 135
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10013111368
Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
Persistent link: https://www.econbiz.de/10013316824
This paper studies public goods provision in an experiment in which contributors repeatedly interact with rent-extracting administrators. Our main result is that the presence of an administrator reduces contributions but only because rent extraction lowers the MPCR. Analysing the dynamic...
Persistent link: https://www.econbiz.de/10012927572
This paper uses a multiple indicators and multiple causes (MIMIC) model and estimates the extent of corruption in 30 … Chinese provinces from 1995 to 2015. Treating corruption as an unobserved latent variable, the MIMIC results show that both … government size and public investment have significant positive effects on corruption, while fiscal decentralization, citizen …
Persistent link: https://www.econbiz.de/10012910628
abuse their discretionary power and engage in bribery or extortion. Efforts to monitor and curb such abuses have inspired … comply with regulations before undertaking an activity. Officials verify their compliance and may engage in corruption. In … line with existing work, the government tolerates corruption and weak enforcement when it does not communicate with …
Persistent link: https://www.econbiz.de/10012970762
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 …
Persistent link: https://www.econbiz.de/10013009886
Persistent link: https://www.econbiz.de/10013010473
This study shows that the relative size of the youth bulge matters for how corruption affects the internal stability of … a political system. We argue that corruption cannot buy political stability (e.g., the greasing hypothesis) in countries … find a negative interaction effect between the relative size of the youth population and corruption on internal political …
Persistent link: https://www.econbiz.de/10012989563
Large-scale land acquisitions often take place in developing countries which are also known for their corruption …-friendliness caused by weak institutional frameworks. We hypothesize that corruption indeed leads to more land deals. We argue that … corrupt elites exploit poor institutional setups (characterized by corruption) to strike deals with domestic and international …
Persistent link: https://www.econbiz.de/10013028911
hypothesize that corruption matters in this nexus. Using panel data covering the period of 2002-2012 for more than 150 countries … total working age population (15-64 years old) and corruption on political stability. This finding is robust, controlling … between corruption and the youth population remains robust when we control for the persistency of political stability and the …
Persistent link: https://www.econbiz.de/10013030326