In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

anti-corruption enforcement affect the expected quality of governance through candidate self-selection. We also show that …

bribe, which reduces corruption. Appropriate networks are more easily established in small towns, by long-term residents of … battle against corruption faced by policy-makers in rapidly urbanizing countries with high fertility. I show that victims of …

sources of tax or inter-governmental revenues reduce the need for regulation and corruption. The paper estimates a large … reduction in regulation in better funded localities. The findings are directly relevant to Indonesia where corruption is high … key aspects of corruption -- the relationship between bribes, time spent with local officials, and different forms of …

In this paper we analyze the link between corruption money laundering and round-trip investment via offshore … (namely, from Cyprus and British Virgin Islands) across Russia and compare them with the benchmark group of genuine foreign … investors in Russia. We further study the determinants of the fraction of round-trip investment in total foreign investment in …

. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …

Political and economic transition is often blamed for Russia's 40% surge in deaths between 1990 and 1994. Highlighting … the campaign's end explains a large share of the mortality crisis - implying that Russia's transition to capitalism and …