We analyze the effect of industry, region and time on new-business survival rates by means of a multi-dimensional approach. The data relate to West German districts in the 1983-2000 period. The survival chances of start-ups tend to be relatively low in industries characterized by a high minimum...

This paper analyzes the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead to amplified innovations by diminishing the knowledge...

Remuneration for politicians has been discussed frequently and thus, has been the subject of many reforms in recent decades. Remuneration has an influence on whether or not citizens choose to run for office as well as the amount of effort they might invest once elected. In this paper, I...

Recent empirical studies claim that, in addition to levels of corruption, investors are deterred by its unpredictability. I claim instead that it is petty corruption that deters investors. I employ seven subcomponents of corruption for a sample of 102 countries that appear in the 2003 Global...

The Transparency International Corruption Perceptions Index is a composite index with a focus on cross-section information. The usage of the data in the form of time series has been discouraged in the past, due to changes in the composition of sources. Basing assessments only on sources that...

The ratio of money demand to GDP may increase with portfolio demand, monetization, and a deeper division of labor. Using a cross-section approach to money demand for 126 countries this study shows that the share of agriculture, life expectancy at birth, openness, and trust in the banking system...

This paper processes responses from households in 66 countries to address differences in the extent to which bribes and gifts are considered acceptable. Levels of acceptance differ substantially from one country to another, but they do not conform to popular expectations: Respondents in rich,...

This paper investigates whether the effects of affordable and easily available public child care on fertility and maternal employment depend on the career costs of children a woman faces. It builds on the idea that these costs vary by occupation and education. In a generalized Diff-in-Diff, I...