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One size fits all? : decentralization, corruption, and the monitoring of bureaucrats

Lessmann, Christian; Markwardt, Gunther - 2009

The majority of theoretical and empirical studies on the relationship between decentralization and corruption argues … that the devolution of power might be a feasible instrument to keep corruption at bay. We argue that this result crucially …-country data, we analyze the relationship between decentralization and corruption taking different degrees of the freedom of the …

Persistent link: https://www.econbiz.de/10003850516

The impact of democracy and press freedom on corruption : conditionality matters

Kalenborn, Christine; Lessmann, Christian - 2012

This paper empirically analyzes the joint impact of democracy and press freedom on corruption. Based in the theoretical … literature, we argue that both institutional features are complements rather than substitutes in controlling corruption. Our … 175 countries from 1996 to 2010. The results show that democratic elections only work in controlling corruption, if there …

Persistent link: https://www.econbiz.de/10009621799

The imbalances of the Bretton Woods system 1965 to 1973 : U.S. inflation, the elephant in the room

Bordo, Michael D. - In: Open economies review 31 (2020) 1, pp. 195-211

Persistent link: https://www.econbiz.de/10012229712

International taxation and multinational firm location decisions

Barrios Cobos, Salvador; Huizinga, Harry; Laeven, Luc; … - 2008

Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...

Persistent link: https://www.econbiz.de/10003805989

Decentralization and the shadow economy : Oates meets Allingham-Sandmo

Bühn, Andreas; Lessmann, Christian; Markwardt, Gunther - 2011

This paper studies the impact of decentralization on the shadow economy. We argue that decentralization may decrease … the size of the shadow economy mainly through two transmission channels: (1) Decentralization enhancing public sector … robust evidence of the efficiency effect. -- decentralization ; shadow economy …

Persistent link: https://www.econbiz.de/10009266755

Regional inequality, convergence, and its determinants : a view from outer space

Lessmann, Christian; Seidel, André - 2015 - This version: 16.04.2015

This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...

Persistent link: https://www.econbiz.de/10010515477

Reserves and baskets

Bordo, Michael D.; James, Harold - In: Open economies review 23 (2012) 1, pp. 113-127

Persistent link: https://www.econbiz.de/10009630338

The real exchange rate in the long run : Balassa-Samuelson effects reconsidered

Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson...

Persistent link: https://www.econbiz.de/10010374513

Thin capitalization rules and multinational firm capital structure

Blouin, Jennifer L.; Huizinga, Harry; Laeven, Luc; … - 2014

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...

Persistent link: https://www.econbiz.de/10010256736

Tales from the Bretton Woods

Bordo, Michael D. - In: Open economies review 25 (2014) 5, pp. 981-991

Persistent link: https://www.econbiz.de/10010486521