This paper considers the effect of corruption on the effciency of capital investment. Using firm-level level data from …

locates policies along the twin dimensions of unitary vs. fragmented decision-making processes and social welfare maximizing …

criminal and corrupt, more efficacious, and less vulnerable to political opportunism. We find no evidence of negative …

of offshore entities as an indicator of corruption risk. We find that the number of new shell companies increases by 11 … the award of an exploration licence increases the risk of corruption. Consistent with rent-maximising behaviour, this … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …

political clientelism on development outcomes, with increases in clientelism leading to lower coverage of welfare programmes …, increased political corruption, and weaker rule of law. We also find that the deleterious effects of political clientelism are …

In an environment with extensive corruption where much of the population evades paying their full taxes due, we tackle … average of expected social welfare, their own interests, and investment in better tax administration. …

. Moreover, when it comes to more substantial aspects of democracy, such as enhancing accountability and fighting corruption …

Can a society suffering contests between rich and poor achieve good governance in the face of endemic corruption? We … payments, limiting the state's economic development capability. In the face of extensive corruption, it is challenging for the … that minimizes corruption and is sensitive to the present and future needs of society. To do this it must understand what …