Showing 1 - 10 of 661
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross-sectionally augmented distributed lag (CSDL) approach of...
Persistent link: https://www.econbiz.de/10011142122
We explore the stability properties of interest rate rules granting an explicit response to stock prices in a New-Keynesian DSGE model populated by Blanchard-Yaari non-Ricardian households. The constant turnover between long-time stock holders and asset-poor newcomers generates a financial...
Persistent link: https://www.econbiz.de/10011163119
The global financial crisis highlighted that the financial system can be most vulnerable when it seems most stable. This paper models non-linear dynamics in banking. Small shocks can lead from an equilibrium with few bank defaults straight to a full freeze. The mechanism is based on...
Persistent link: https://www.econbiz.de/10010800971
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result …, the paper analyzes how corruption distortsthe allocation of resources between public and private expenditure, altering the … citizens can indirectly benefit from corruption. The paper shows that, under this condition, if the citizens anticipate a shift …
Persistent link: https://www.econbiz.de/10004999974
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …
Persistent link: https://www.econbiz.de/10008497600
This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa … digital adoption is associated with a reduction in the perception of corruption and an increase in trust in tax officials … the use of Internet on the perception of corruption. Yet, the paper shows that the dampening effect of digitalization on …
Persistent link: https://www.econbiz.de/10014408790
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model provides potential explanations for the...
Persistent link: https://www.econbiz.de/10012677815
corruption increases the loss of human lives caused by natural disasters, using a large panel of 135 countries during the period … 1980-2020. The econometric analysis provides convincing evidence that corruption increases the number of disaster … corruption in a given country, the greater the number of fatalities as a share of population due to natural disasters. Our …
Persistent link: https://www.econbiz.de/10015059047
Public procurement can be highly vulnerable to corruption. This paper outlines a methodology and results in assessing … corruption risks in public procurement and their impact on relative prices, using large databases on government contracts and … corruption risk factor (aggregated in a synthetic corruption risk index). While there are intrinsic limitations to our study …
Persistent link: https://www.econbiz.de/10015060415
Persistent link: https://www.econbiz.de/10013042567