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Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10013240582
countries with higher corruption norms, lower government control and effectiveness. Predictions of the level of counterfeiting …
Persistent link: https://www.econbiz.de/10013104734
We analyze a hand-collected sample of 166 prominent bribery cases, involving 107 publicly listed firms from 20 stock markets that have been reported to have bribed government officials in 52 countries worldwide during 1971-2007. We focus on the initial date of award of the contract for which the...
Persistent link: https://www.econbiz.de/10013107995
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model … corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the … eradication of corruption as the final goal. We propose an alternative approach which emphasizes why corruption arises in the …
Persistent link: https://www.econbiz.de/10013108004
In this paper we analyze the link between corruption money laundering and round-trip investment via offshore … the conclusion that there is a strong link between round-trip investment and corruption money laundering …
Persistent link: https://www.econbiz.de/10013082421
are desperate, vulnerable, or demanding services particularly prone to corruption. The effect is strongest for bribery of …
Persistent link: https://www.econbiz.de/10012760679
nor Japanese investors treat corruption in East Asia any differently from that in other parts of the world. There are …This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from … the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment …
Persistent link: https://www.econbiz.de/10012763572
, corruption, and trade agreements, suggesting that firms intentionally misreport trade data. These misreports have implications …
Persistent link: https://www.econbiz.de/10012983673
Corruption and imperfect contract enforcement dramatically reduce trade. This paper estimates the reduction, using a …
Persistent link: https://www.econbiz.de/10013215699
have smaller welfare-state programs and less corruption. Other results present puzzles for future research: the adjustment …
Persistent link: https://www.econbiz.de/10013223867