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"Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and...
Persistent link: https://www.econbiz.de/10011394615
Although the theoretical literature on corruption is well developed, empirical work in this area has lagged because it … has proven difficult to isolate corrupt behavior in the data. In this paper, we look for evidence of corruption in an … stables play a role in facilitating the corruption. In times of increased media scrutiny, the match rigging disappears …
Persistent link: https://www.econbiz.de/10012470952
This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption … display lower corruption in equilibrium. In data, naturally more open economies' do exhibit less corruption even after taking …
Persistent link: https://www.econbiz.de/10012470985
less corrupt governments receive more foreign aid. On the contrary, according to some measures of corruption, more corrupt … governments receive more aid. Also, we could not find any evidence that an increase in foreign aid reduces corruption. In summary …
Persistent link: https://www.econbiz.de/10012471686
reduce the effective red tape it faces. The efficient grease' hypothesis asserts therefore that corruption can improve …
Persistent link: https://www.econbiz.de/10012471704
Corruption and imperfect contract enforcement dramatically reduce trade. This paper estimates the reduction, using a …
Persistent link: https://www.econbiz.de/10012471800
, municipal wages, and (unobserved) corruption are all predicted to rise under a patronage based regime. But in a city, patronage …
Persistent link: https://www.econbiz.de/10012471832
In this paper, we develop a dynamic model of politicians who can engage in corruption. The model offers important … insights into what determines corruption and how to design policy to combat it. We estimate the model using data from Brazil to … measure voters' willingness to pay for various commonly-proposed anti-corruption policies, such as increasing audit …
Persistent link: https://www.econbiz.de/10012510561
This paper documents novel evidence on the influence of political incentives in the regulatory enforcement of foreign bribery. Using exogenous variation in the timing and geographic location of U.S. Congressional elections, we find that the probability of a Foreign Corrupt Practices Act (FCPA)...
Persistent link: https://www.econbiz.de/10012794651
We analyze the history of Japanese foreign exchange interventions from 1971 to 2018. First, we provide the best proxy for monthly interventions for the period from 1971 to 1990, when the intervention timings and amounts were not officially disclosed. The accuracy of the proxy is tested for the...
Persistent link: https://www.econbiz.de/10012479168