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Horizontal and Vertical Conflict : Experimental Evidence
Galiani, Sebastian - 2016
Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in charge of running the government acquire and retain...
Persistent link: https://www.econbiz.de/10013001771
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Vertical Integration, Institutional Determinants and Impact : Evidence from China
Fan, Joseph P. H. - 2013
transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption …
Persistent link: https://www.econbiz.de/10012753256
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Protection for Sale with Imperfect Rent Capturing
Facchini, Giovanni - 2012
Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a quot;protection for salequot; theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers....
Persistent link: https://www.econbiz.de/10012755693
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Kleptocracy and Divide-and-Rule : A Model of Personal Rule
Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2021
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10013240570
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Corruption, Inequality and Fairness
Alesina, Alberto F.; Angeletos, George-Marios - 2021
Bigger governments raise the possibilities for corruption; more corruption may in turn raise the support for … redistributive policies that intend to correct the inequality and injustice generated by corruption. We formalize these insights in a … simple dynamic model. A positive feedback from past to current levels of taxation and corruption arises either when wealth …
Persistent link: https://www.econbiz.de/10013245746
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Does Finance Benefit Society?
Zingales, Luigi - 2015
Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from...
Persistent link: https://www.econbiz.de/10013029041
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Choosing a Dictator : Bureaucracy and Welfare in Less Developed Polities
Rauch, James E. - 2021
corruption of their subordinates as a byproduct of their efforts to implement their preferences using tax revenue. Within this …
Persistent link: https://www.econbiz.de/10013212898
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Financial Constraints and Innovation : Why Poor Countries Don't Catch Up
Gorodnichenko, Yuriy - 2014
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013070230
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Financial Factors in Economic Development
Dornbusch, Rudiger; Reynoso, Alejandro - 2021
Financial factors have been assigned strategic importance in economic development. But very different factors have been isolated in the respective experiences: in Asia unrepressed financial markets in mobilizing saving and allocating investment have been given prominence. In Latin America the...
Persistent link: https://www.econbiz.de/10013226568
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Financial Development in 205 Economies, 1960 to 2010
Čihák, Martin - 2013
This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...
Persistent link: https://www.econbiz.de/10013083757