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Electoral Accountability and Corruption : Evidence from the Audits of Local Governments

Ferraz, Claudio - 2009

Political institutions can affect corruption. We use audit reports from an anti-corruption program in Brazil to … construct new measures of political corruption in local governments and test whether electoral accountability affects the … corruption practices of incumbent politicians. We find significantly less corruption in municipalities where mayors can get …

Persistent link: https://www.econbiz.de/10012463711

Do Government Audits Reduce Corruption? Estimating the Impacts of Exposing Corrupt Politicians

Avis, Eric - 2016

Political corruption is considered a major impediment to economic development, and yet it remains pervasive throughout … the world. This paper examines the extent to which government audits of public resources can reduce corruption by … enhancing political and judiciary accountability. We do so in the context of Brazil's anti-corruption program, which randomly …

Persistent link: https://www.econbiz.de/10012456234

Asymmetric Investment Rates

Bai, Hang; Li, Erica X. N.; Xue, Chen; Zhang, Lu - National Bureau of Economic Research - 2022

Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital stocks for the entire Compustat universe, as well as an array of estimates of investment flows, economic depreciation rates, and capital and investment price deflators. The...

Persistent link: https://www.econbiz.de/10013191052

New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability

Gray, Dale F. - 2007

This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims analysis (CCA), which is successfully used today at the level of individual banks by managers,...

Persistent link: https://www.econbiz.de/10012465032

Capital Taxation and Ownership when Markets are Incomplete

Farhi, Emmanuel - 2007

This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...

Persistent link: https://www.econbiz.de/10012465260

The Net Asset Position of the U.S. National Government, 1784-1802 : Hamilton's Blessing or the Spoils of War?

Grubb, Farley - 2005

The War for Independence left the National Government deeply in debt. The spoils from winning that war also gave it an empire of land. So, post-1783, was the National Government solvent? Was its net asset position, land assets minus debt liabilities, positive or negative? Evidence is gathered to...

Persistent link: https://www.econbiz.de/10012466803

Government Saving, Capital Formation and Wealth in the United States, 1947-1985

Boskin, Michael J. - 1987

This paper presents new updated and improved estimates of various components of governments' contribution to national wealth and its growth in the post-war period. The primary conclusions drawn are: (1). The federal government's assets, tangible and financial, are substantial; they grew more...

Persistent link: https://www.econbiz.de/10012476716

Minority Underrepresentation in U.S. Cities

Ricca, Federico; Trebbi, Francesco - National Bureau of Economic Research - 2022

This paper investigates the patterns of Minority representation and voter registration in U.S. municipal governments. For the period 1981-2020, we report substantial levels of strategic underrepresentation of African American, Asian, and Latino voters in U.S. local politics. Disproportionality...

Persistent link: https://www.econbiz.de/10012938707

Powerful Women : Does Exposure Reduce Bias?

Beaman, Lori A. - 2008

We exploit random assignment of gender quotas across Indian village councils to investigate whether having a female chief councillor affects public opinion towards female leaders. Villagers who have never been required to have a female leader prefer male leaders and perceive hypothetical female...

Persistent link: https://www.econbiz.de/10012464449

Decentralization and Efficiency of Subsidy Targeting : Evidence from Chiefs in Rural Malawi

Basurto, Pia M. - 2017

Developing countries spend vast sums on subsidies. Beneficiaries are typically selected via either a proxy-means test (PMT) or through a decentralized identification process led by local leaders. A decentralized allocation may offer informational or accountability advantages, but may be prone to...

Persistent link: https://www.econbiz.de/10012455298

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