Showing 1 - 10 of 4,387
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia …
Persistent link: https://www.econbiz.de/10010883432
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption might influence the efficiency of the … rule of law. While Chicago Public Choice scholars model how corruption improves efficiency of the rule of law and thus the …
Persistent link: https://www.econbiz.de/10009318235
Can tight and centralized financial regulation prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulation. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the end...
Persistent link: https://www.econbiz.de/10009318237
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith, 2001, chap. 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in V irginia …
Persistent link: https://www.econbiz.de/10010665484
Purpose – This paper aims to examine the impact of corruption and bureaucracy on economic growth in Greece as measured … beta convergence theory. Findings – The results confirm the negative impact of bureaucracy and corruption on economic … growth. However, the corruption exerts a more significant influence on growth than bureaucracy. Also, the timing of …
Persistent link: https://www.econbiz.de/10010709756
case studies of rural development and rural employment experiments; outlines the obstacles inherent in bureaucracy …
Persistent link: https://www.econbiz.de/10010967103
Performance budgeting schemes in the public sector have to operate with imperfect performance measures. We argue that these imperfections lead to wasteful fund-seeking (window dressing and lobbying) by the administrative units that produce public services. We develop a game-theoretical model to...
Persistent link: https://www.econbiz.de/10010534917
This paper studies the wasteful e ffect of bureaucracy on the economy by addressing the link between rent …
Persistent link: https://www.econbiz.de/10010722675
Our theoretical model suggests that ‘bureaucratisation’ is a potential threat to future economic growth in the EU. The bureaucratic incentives to budget maximize leads to overwhelming pressure for new administrative tasks because bureaucracies are competing for resources just like fishermen...
Persistent link: https://www.econbiz.de/10005642097
Exploitation has a deservedly bad reputation as an analytic concept in the social sciences. But this need not be so; a simple definition of exploitation is advanced that has a positive basis. Exploitation should be defined as the result of rent-seeking activity that results in social outcomes...
Persistent link: https://www.econbiz.de/10010777911