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Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013158839
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The destructive role of institutional quality such as corruption has been considered an important factor for economic …. This research examines the institutional role in controlling corruption within the preview of CO2 emissions-economic growth … nexus for the European Union. The study evaluates the moderating impact of corruption on the relationship between CO2 …
Persistent link: https://www.econbiz.de/10014464356
Complex multi-level governance systems face a variety of challenges. As one of the most prominent multi-level administrative systems in the world, the EU has experienced a legitimacy crisis for several years, with many citizens displaying skeptical or even hostile views of European integration...
Persistent link: https://www.econbiz.de/10014256482
The studies concerning the impact of corruption on the effectiveness of governance are numerous, valorising profound … economic and social evaluation of the correlations between corruption, performance and economic freedom in the states mentioned … issues: Corruption holds national specific character and the statistic, econometric or sociologic analyses reveal that it is …
Persistent link: https://www.econbiz.de/10013138648
We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …
Persistent link: https://www.econbiz.de/10012437907
of corruption in a nation after joining the Union has not been formally studied. Any nation that joins the European Union … potentially faces two different and opposite effects on corruption. On the one hand, there are reasons to believe that corruption … is going to decrease because of the efforts of the EU to fight corruption or because of the opening of the markets to …
Persistent link: https://www.econbiz.de/10012199848
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identification of a further control variable affecting stock performances: corruption. The goal of this study is an enquiry about the … connections between European industrial stock returns and a macroeconomic index of corruption in order to assess the impact of … corruption in the performances of listed European industrial companies. This paper is organized as follows: the first paragraph …
Persistent link: https://www.econbiz.de/10013134824
by countries' political, institutional and legal characteristics and particularly by the level of perceived corruption in … notwithstanding, results indicate that corruption and poor institutional quality significantly interact with economic cofactors and …
Persistent link: https://www.econbiz.de/10013000647