What makes elites developmental instead of predatory? We argue that Mozambique’s elite was developmental at … development in Latin America, or Volkskapitalisme in apartheid South Africa. But Mozambique’s elite has also returned to two other … traditions – that development is done by the elite and by foreigners. There is little support for development of local SMEs and …

decentralization and corruption in ex- plaining growth. Within an endogenous growth model, we analyze the problem of a benevolent … expenditures. With respect to the benchmark case, then, the possibility of corruption yields both a distorted allocation of …

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime …. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption … countries with regard to the level of corruption. …

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime …. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption … countries with regard to the level of corruption. …

This paper analyses the influence of the exchange rate regime of a country on the level of tolerated corruption with a … induce governments to intensify the fight against corruption. It is shown that if corruption has a considerable positive … impact on output, a tight peg regime can increase tolerated corruption. However, if corruption has a negative effect on …

policy game among interdependent economies plagued by corruption. Every country has a lower incentive to improve public … highlights a possible trade-off between fighting corruption in interrelated developing countries and promoting fiscal policy … coordination among them: cooperation goes together with the acceptance of more corruption. It follows that poor-institution traps …

This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation … on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is … lower than average. An international agreement is a precondition for placing corruption fighters at the head of governments. …