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Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10012467077
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
Corruption and imperfect contract enforcement dramatically reduce trade. This paper estimates the reduction, using a …
Persistent link: https://www.econbiz.de/10012471800
are desperate, vulnerable, or demanding services particularly prone to corruption. The effect is strongest for bribery of …
Persistent link: https://www.econbiz.de/10012466176
This paper utilizes a micro-level data set from 49 countries to address three issues: What determines corruption at the … individual level? What determines the perception of the extent of corruption in the country? Does corruption have a direct impact … corruption which portrays the extent of corruption as revealed byindividuals who live in those countries. The results show that …
Persistent link: https://www.econbiz.de/10012468233
threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …
Persistent link: https://www.econbiz.de/10012469080
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
Is corruption systematically related to electoral rules? A number of studies have tried to uncover economic and social … determinants of corruption but, as far as we know, nobody has yet empirically investigated how electoral systems ináuence … corruption. We try to address this lacuna in the literature, by relating corruption to dierent features of the electoral system …
Persistent link: https://www.econbiz.de/10012470572
nor Japanese investors treat corruption in East Asia any differently from that in other parts of the world. There are …This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from … the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment …
Persistent link: https://www.econbiz.de/10012472787