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Frictions to political competition and financial openness
Boukouras, Aristotelis; Koufopoulos, Kostas - 2011
lead to equilibria, where politicians receive corruption bribes. Furthermore, the model implies a non …-monotonic relationship between financial openness and corruption and a positive relationship between financial openness and government size …
Persistent link: https://www.econbiz.de/10010343867
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Political Competition, Ideology and Corruption
Boukouras, Aristotelis - 2008
voting is fully deterministic. Second, corruption and inefficiencies arise as endemic phenomena of the political system …. Third, if the distribution of ideology is asymmetric, then political contesters may follow different platforms in …
Persistent link: https://www.econbiz.de/10012725731
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Frictions to Political Competition and Financial Openness
Koufopoulos, Kostas - 2008
equilibrium, politicians exploit these frictions to receive corruption bribes and fund some inefficient projects. Furthermore, the … model implies a non-monotonic relationship between financial openness and corruption and a positive relationship between …
Persistent link: https://www.econbiz.de/10012723489
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Essays on the political economy of inequality and redistribution
Campante, Filipe R. - 2007
Persistent link: https://www.econbiz.de/10009691372
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Vote-buying and growth
Gersbach, Hans; Mühe, Felix - 2008
Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty...
Persistent link: https://www.econbiz.de/10003762209
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Electoral Violence and Securities Market Responses During the 2013 Pakistan General Election : Political Risk Metrics for the Rest of Us
Dwyer, Allan - 2015
The efficient-market hypothesis holds that securities markets are efficient, fair and instantaneous in their treatment of material information flows. The reality may be somewhat messier in the emerging traded asset markets of the Global South. Emerging markets, notably Pakistan, present...
Persistent link: https://www.econbiz.de/10013013109
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A good turn deserves another : political stability, corruption and corruption-control
Asongu, Simplice; Nwachukwu, Jacinta C. - 2015
stability in fighting corruption and boosting corruption-control in 53 African countries for the period 1996-2010. We postulate … corruption-control. On the other hand, in the absence such impunity from corruption, political instability further fuels … corruption. Our findings validate both hypotheses. Hence, contrary to a stream of the literature, we establish causal evidence of …
Persistent link: https://www.econbiz.de/10011407942
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Resource Abundance, Political Corruption, and Instability of Democracy
Polterovich, Victor; Popov, Vladimir; Tonis, Alexander - 2011
to corruption (a measure of the institutional quality). The probability of the democracy preservation is decreasing in …
Persistent link: https://www.econbiz.de/10014183241
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Operational Efficiency, Corruption and Political Stability in Microfinance
Bellavite Pellegrini, Carlo - 2011
corruption' and 'political stability' of the countries in which these institutions operate. We adopt two different approaches - a …
Persistent link: https://www.econbiz.de/10013117452
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Electoral Cycles in Macroprudential Regulation
Müller, Karsten - 2020
Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically looser before...
Persistent link: https://www.econbiz.de/10012852520