The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor …

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …

); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

A number of recent studies for Latin America show that as the size of the informal economy grows, corruption is less … corruption, inequality and shadow economies are considerably large. We use Panel Least Square and Fixed Effects Models for Asia … to find that both 'Corruption Perception Index' and 'ICRG' index are sensitive to a number of important macroeconomic …

Previous empirical work on corruption has generally been cross-country in nature and focused on utilizing country …-level corruption ratings. By using micro-level data for over 20 European countries that directly measure individual characteristics …, corruption experiences, gender roles, trust and values to examine the determinants of corruption, this paper goes beyond the …

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …