Showing 1 - 10 of 2,589
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
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012472798
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10012461981
This paper presents statistical analysis supporting stylized facts about sovereign wealth funds (SWFs). It discusses the forces leading to the growth of SWFs, including the role of fuel exports and ongoing current account surpluses, and large hoarding of international reserves. It analyzes the...
Persistent link: https://www.econbiz.de/10012464086
This paper has three goals. The first (and perhaps the most important one) is to provide a new compilation of data on ethnic, linguistic and religious composition at the sub-national level for a large number of countries. This data set allows us to measure segregation of different ethnic,...
Persistent link: https://www.econbiz.de/10012464332
This paper analyzes the factors influencing whether countries become tax havens. Roughly 15 percent of countries are tax havens; as has been widely observed, these countries tend to be small and affluent. This paper documents another robust empirical regularity: better-governed countries are...
Persistent link: https://www.econbiz.de/10012465857
In this paper we employ World Values Survey measures of life satisfaction as though they were direct measures of … life satisfaction is more closely linked to several World Bank measures of the quality of government than to real per … to building and maintaining the institutions of electoral democracy …
Persistent link: https://www.econbiz.de/10012466683
-2012, using data from the Gallup World Poll …
Persistent link: https://www.econbiz.de/10012457980
Motivated by a novel stylized fact - countries with isolated capital cities display worse quality of governance - we provide a framework of endogenous institutional choice based on the idea that elites are constrained by the threat of rebellion, and that this threat is rendered less effective by...
Persistent link: https://www.econbiz.de/10012459634
encourage better behavior from officials. Newly assembled individual-level survey data from the World Justice Project show that … survey data on reporting crime and corruption. Citizen complaints might thus be an operative mechanism that explains the link …
Persistent link: https://www.econbiz.de/10012460540