Showing 1 - 10 of 131
This paper considers the effect of corruption on the effciency of capital investment. Using firm-level level data from …
Persistent link: https://www.econbiz.de/10010319956
Despite the frequent use of fiscal policy for stabilization purposes and the important role fiscal activism has played over the last decade, the size of budgetary multipliers (i.e. the output response following an exogenous shock to fiscal policy) has been heatedly debated at the theoretical and...
Persistent link: https://www.econbiz.de/10012424078
Much of the research on fiscal multipliers has used reduced form modelling approaches. While these models have been extended to include richer controls and identification approaches, it remains unclear whether shocks identified capture the true structural shocks. An alternative way to identify...
Persistent link: https://www.econbiz.de/10012424079
This paper empirically examines South Africa's fiscal sustainability through a Markovswitching model which utilizes quarterly datasets for the period from 1960 to 2019. The results show that public debt responds positively, demonstrating a sustainable fiscal policy. Furthermore, considering the...
Persistent link: https://www.econbiz.de/10012424150
This paper uses a unique panel dataset on firm-level corruption. It contains quantitative information on bribe payments …
Persistent link: https://www.econbiz.de/10010280202
There has been a phenomenal global increase in the proportion of women in politics in the last 20 years. While there is evidence that raising the share of women politicians has substantive impacts on the composition of government spending, there is scarcely any evidence of how it influences...
Persistent link: https://www.econbiz.de/10011943854
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 …
Persistent link: https://www.econbiz.de/10013204768
, increased political corruption, and weaker rule of law. We also find that the deleterious effects of political clientelism are …
Persistent link: https://www.econbiz.de/10012651169
In an environment with extensive corruption where much of the population evades paying their full taxes due, we tackle …
Persistent link: https://www.econbiz.de/10014322647
. Moreover, when it comes to more substantial aspects of democracy, such as enhancing accountability and fighting corruption …
Persistent link: https://www.econbiz.de/10010319948