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Which incentives have the strongest impact on the size of the shadow economy? Is it about government's pressure against entrepreneurs operating in this sector, or is it about the benefits of legality? The goal of this paper is to explicitly contrast the role of sticks (court repressiveness) and...
Persistent link: https://www.econbiz.de/10011620553
promoted to positions of national leadership. To curb corruption, President Xi Jinping stepped up investigations and … reduction in corruption of between 50.1% and 43.6% in the provinces either targeted by the central inspection teams or whose … party secretary was replaced by one appointed by Xi himself. Accordingly, this crackdown on corruption has also …
Persistent link: https://www.econbiz.de/10012908696
This paper examines how political corruption affects M&A activities. By exploiting the public enforcement of the anti-corruption … corruption increases cross-region takeover activities by 40% and deal volume more than doubles. Further analysis reveals that the … behind these real effects on corporate investments. Reduction in corruption also leads to higher bidder returns and improves …
Persistent link: https://www.econbiz.de/10013242403
This paper analyzes the existing relationship between economic growth and the monitoring of corruption and examines the … possible outcome of the implementation of a State reform in order to weed out corruption. Growth is always higher when … monitoring is high and therefore corruption eradicated. But growth declines when monitoring against corruption is not too high …
Persistent link: https://www.econbiz.de/10009734676
Political corruption is considered a major impediment to economic development, and yet it remains pervasive throughout … the world. This paper examines the extent to which government audits of public resources can reduce corruption by … enhancing political and judiciary accountability. We do so in the context of Brazil's anti-corruption program, which randomly …
Persistent link: https://www.econbiz.de/10011507872
Persistent link: https://www.econbiz.de/10014450957
public corruption to explain the significant cause of cross-country variation in immunization progress. We suggest that … countries with a higher degree of public corruption before the pandemic have been less successful in the vaccination of their …
Persistent link: https://www.econbiz.de/10012622723
March and July 2021, we elicit willingness to act against fraud and corruption in the provision of health services by … the COVID-19 peak in their state of residence, we find evidence of a large and significant increase in anti-corruption … activism post peak. Our data suggest that this surge in activism can be attributed to heightened perceptions of corruption in …
Persistent link: https://www.econbiz.de/10014507577
This paper examines the effect of global transition to simpler, flatter income tax systems on the size of the shadow economy. By offering a new estimation framework, the paper revives the traditional electricity consumption approach to measuring the shadow economy. It overcomes the limitations...
Persistent link: https://www.econbiz.de/10003860712
The 2001 Russian tax reform reduced average tax rates for the personal income tax and the payroll or social tax. It also made the tax structure more regressive. Because individuals in the lower income bracket were for the most part not affected, it is possible to estimate the effects of the...
Persistent link: https://www.econbiz.de/10009230101