Showing 1 - 10 of 323
effective secret vote, shaped the nature of party politics in Brazil. Engaging the literature on political clientelism, the …
Persistent link: https://www.econbiz.de/10010244856
the incidence of corruption. We first present an interaction-based model on corruption that predicts that the level of … corruption is positively associated with social interaction. Then we empirically verify the theoretical prediction using within … a statistically significantly positive effect on the corruption rate in China. Our findings, therefore, underscore the …
Persistent link: https://www.econbiz.de/10008808080
The ambiguous phenomenon of corruption has long been the cause of great theoretical debate in economics. By using … Structural Equation Modelling, with the two types of corruption as a latent variable, this paper employs causal and indicative … variables specific to the Latin American region to test for rent seeking and systemic corruption in the period between 1980 …
Persistent link: https://www.econbiz.de/10012605890
corrupt economies in resource-rich countries. An empirical analysis of available corruption indices suggests that instability …-led looting provides a more fundamental explanation of perceived corruption than do various social and cultural indicators or the … economic theory of internal political competition. -- Corruption ; Dictatorship ; Lending and Indebtedness ; Looting ; Natural …
Persistent link: https://www.econbiz.de/10009702219
We use a novel dataset that merges goods-level prices underlying the CPI in Mexico with the balance sheet information of Mexican publicly listed firms and study the connection between firms' financing structure and price dynamics in an emerging economy. First, we find that larger firms (in terms...
Persistent link: https://www.econbiz.de/10011913236
This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically larger along the pre-Islamic trade...
Persistent link: https://www.econbiz.de/10008729038
This paper compares the saving behavior of formal and informal workers and additionally provides a socioeconomic and financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central Bank of Chile in 2007, 2008, 2009 and 2010, which...
Persistent link: https://www.econbiz.de/10011290974
I study the coexistence of formal and informal finance in underdeveloped credit markets. While weak institutions constrain formal banks, shallow pockets hamper informal lenders. In such economies, informal finance has two effects. By increasing the investment return it decreases borrowers'...
Persistent link: https://www.econbiz.de/10008821863
Limited borrower information may create targeting distortions in credit markets. Community-based lending programs may reduce these distortions by exploiting information transmitted in local networks, but connections may create asymmetries in power. This paper analyzes how local leaders balance...
Persistent link: https://www.econbiz.de/10012154414
executives instead favor patronage -political discretion- in public employment. This paper proposes and tests an original theory … to explain when executives forsake patronage for merit. The theory exploits exogenous variation in the institutional … design of patronage states. In some, constitutions and budget laws monopolize patronage powers in the executive; in others …
Persistent link: https://www.econbiz.de/10011457360