Showing 1 - 10 of 1,074
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012491609
This paper proposes a difference-in-differences approach for disentangling a total treatment effect on some outcome into a direct impact as well as an indirect effect operating through a binary intermediate variable - or mediator - within strata defined upon how the mediator reacts to the...
Persistent link: https://www.econbiz.de/10011509301
Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in …
Persistent link: https://www.econbiz.de/10011822610
of corruption in a nation after joining the Union has not been formally studied. Any nation that joins the European Union … potentially faces two different and opposite effects on corruption. On the one hand, there are reasons to believe that corruption … is going to decrease because of the efforts of the EU to fight corruption or because of the opening of the markets to …
Persistent link: https://www.econbiz.de/10012199848
Adding a new dimension to determinants of corruption, this paper examines the effectiveness of enforcement in reducing … corruption. We compare the influences of latent enforcement (police, judicial, and prosecutorial employment) versus actual … enforcement to combat corruption by increasing enforcement employment is ineffective, rather comprehensive improvements in …
Persistent link: https://www.econbiz.de/10011926324
dimensions, is broadly consistent with the greasing effects of corruption. While the study uses data from a single nation that is …
Persistent link: https://www.econbiz.de/10012494792
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …
Persistent link: https://www.econbiz.de/10003300991
Persistent link: https://www.econbiz.de/10003498651
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
We investigate regime-dependent Granger causality between real output, inflation and monetary indicators and map with U.S. Fed Chairperson's tenure since 1965. While all monetary indicators have causal predictive content in certain time periods, we report that the Federal Funds rate (FFR) and...
Persistent link: https://www.econbiz.de/10012157284