-specific investments, impedes firms' access to formal financial institutions, and favours inefficient dynasties. Moving a firm from the …

This research exploits the event of immigration to establish that institutions have a persistent effect on culture. It … is argued that immigrants coming from corrupt countries, tend to overtrust the institutions at the host country. This … inflated trust of immigrants is documented as the Great Expectations effect. This result is interesting and intriguing for …

This research exploits the event of immigration to establish that institutions have a persistent effect on culture. It … is argued that immigrants coming from corrupt countries, tend to overtrust the institutions at the host country. This … inflated trust of immigrants is documented as the Great Expectations effect. This result is interesting and intriguing for …

institutional compared opinions about “corruption on a background of corrupt institutions” vs. „corruption on a background of … healthy institutions”. The first part of the study will present briefly an institutional perspective a priori the corruption …This paper intends to draw the attention on the very subtle consequences of the corruption in the operational field …

probabilistic voting model, we show that a lack of financial institutions can lead more corruption as more voters are part of the … corrupt system. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption …In transition and developing countries, we observe rather high levels of corruption even they have democratic political …

political pressure to reduce corruption if financial institutions are missing. Our model is based on the fact that corrupt … the rents from corruption. In a probabilistic voting model, we show that a lack of financial institutions can lead to more …-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. …