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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
"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
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the … significantly more likely to prevent corruption in public procurement, a key area of illicit interactions between the state and … limit corruption, but also foster the use of violence as an alternative tool to influence policymaking …
Persistent link: https://www.econbiz.de/10014337819
the recent anti-corruption campaign. An analysis of a separate cross-city dataset corroborates the key conclusion …
Persistent link: https://www.econbiz.de/10014372505
arise when monitoring corruption is difficult relative to monitoring the provision of public services, and politically …-important groups of citizens do not bear the full cost of corruption. The existence of such systems can distort the effective incidence … of the tax burden, reduce the incentives of government to fight corruption, and legitimize bribe-taking …
Persistent link: https://www.econbiz.de/10014421219
risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of …
Persistent link: https://www.econbiz.de/10014512142
We present a simple theory of the quality (competence and honesty) of elected officials. Our theory offers four main insights. Low-quality citizens have a 'comparative advantage' in pursuing elective office, because their market wages are lower than those of high-quality citizens (competence),...
Persistent link: https://www.econbiz.de/10012470186
possibility that some features of FDI host countries, such as bureaucratic corruption, may deter inward FDI, but are positively … explicitly into account corruption level in host countries and using a firm-level data set on investment projects in 24 …
Persistent link: https://www.econbiz.de/10012470253
have smaller welfare-state programs and less corruption. Other results present puzzles for future research: the adjustment …
Persistent link: https://www.econbiz.de/10012470510
literature: corruption may affect a country's composition of capital inflows in a way that makes it more likely to experience a …
Persistent link: https://www.econbiz.de/10012470539