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Corruption Around the World : Evidence from a Structural Model
Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - 2005
The causes and consequences of corruption have attracted much attention in recent years by both academics and policy makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices are ordinal in nature and hence provide no indication...
Persistent link: https://www.econbiz.de/10014071302
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The Economic Costs of Corruption : A Survey and New Evidence
Dreher, Axel; Herzfeld, Thomas - 2006
This paper reviews the empirical literature on the economic costs of corruption. Corruption affects economic growth, the level of GDP per capita, investment activity, international trade and price stability negatively. Additionally, it biases the composition of government expenditures. The...
Persistent link: https://www.econbiz.de/10014064549
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How Do Institutions Affect Corruption and the Shadow Economy?
Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - 2005
This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and...
Persistent link: https://www.econbiz.de/10014066711
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How do Institutions Affect Corruption and the Shadow Economy?
Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - EconWPA - 2005
This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and...
Persistent link: https://www.econbiz.de/10005125947
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CORRUPTION AROUND THE WORLD: EVIDENCE FROM A STRUCTURAL MODEL
Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - EconWPA - 2004
The causes and consequences of corruption have attracted much attention in recent years by both academics and policy makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices are ordinal in nature and hence provide no indication...
Persistent link: https://www.econbiz.de/10005125948
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The Economic Costs of Corruption: A Survey and New Evidence
Dreher, Axel; Herzfeld, Thomas - EconWPA - 2005
This paper reviews the empirical literature on the economic costs of corruption. Corruption affects economic growth, the level of GDP per capita, investment activity, international trade and price stability negatively. Additionally, it biases the composition of government expenditures. The...
Persistent link: https://www.econbiz.de/10005125992
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How Do Institutions Affect Corruption and the Shadow Economy
Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - Business School, University of Exeter - 2005
This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and a?ects the corruption market. The exact relationship between corruption and...
Persistent link: https://www.econbiz.de/10008852477
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Corruption Around the World: Evidence from a Structural Model
Dreher, Axel; Kotsogiannis, Christos; McCorriston, Steve - Business School, University of Exeter - 2007
The causes and consequences of corruption have attracted much attention in recent years by both academics and policy makers. Central in the discussion on the impact of corruption are perception-based indices. Recent research has shown that perceived corruption might not be a good indicator of...
Persistent link: https://www.econbiz.de/10008852478
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Formal institutions and subjective well-being: Revisiting the cross-country evidencee
Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A.V. - 2008
A long tradition in economics explores the association between the quality of formal institutions and economic … performance. The literature on the relationship between such institutions and happiness is, however, rather limited. In this paper …, we revisit the findings from recent cross-country studies on the institutions-happiness association. Our findings suggest …
Persistent link: https://www.econbiz.de/10010277738
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Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?
Hopp, Christian; Dreher, Axel - 2007
We empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find that increased protection of...
Persistent link: https://www.econbiz.de/10010277774