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 …

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to … conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears … other words, the model predicts that democracy exhibits a threshold effect on corruption …

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result … from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy …, the paper analyzes how corruption distortsthe allocation of resources between public and private expenditure, altering the …

Cross-border capital flows are important for South Africa. They fund the nation's relatively large external financing … during the COVID-19 pandemic. This paper adds to the literature on the drivers of South Africa's capital flows by applying …

discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …

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 …

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 …