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extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow …
Persistent link: https://www.econbiz.de/10014399609
This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and...
Persistent link: https://www.econbiz.de/10012009455
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...
Persistent link: https://www.econbiz.de/10012155041
Persistent link: https://www.econbiz.de/10013169885
discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …
Persistent link: https://www.econbiz.de/10012604784
Direct measurement of corruption is difficult due to its hidden nature, and measuring the perceptions of corruption via … countries by applying sentiment analysis to Financial Times articles over 2005-18. This sentiment-enhanced corruption perception … index (SECPI) captures not only the frequncy of corruption related articles, but also the articles' sentiment towards …
Persistent link: https://www.econbiz.de/10012605593
This paper quantifies the savings obtained from risk pooling with a Regional Stabilization Fund (RSF) for the Eastern Caribbean Currency Union. A Monte Carlo experiment is used to estimate the size of a RSF conditional on probabilities of depletion under specific saving-withdrawal rules. Results...
Persistent link: https://www.econbiz.de/10012605596
This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result … of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The … paper acknowledges the authorities' anti-corruption efforts made so far and proposes further critical reforms to reduce …
Persistent link: https://www.econbiz.de/10012022067
important public service, there is widespread concern that their activities are negatively affected by corruption. However …, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption … perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also …
Persistent link: https://www.econbiz.de/10012154817
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660