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This paper examines the reasons why corruption and policy distortions tend to exhibit a high degree of persistence in … eliminate corruption. The analysis predicts that in politically unstable regimes the institutions necessary to monitor and … enforce compliance are weak. In such countries corruption is more pervasive and the compliance with regulations is low. The …
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. Political instability has a negative effect on the stringency of environmental regulations if the level of corruption is low …, but a positive effect when the degree of corruption is high. Corruption reduces the stringency of environmental …
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This paper examines the reasons why corruption and policy distortions tend to exhibit a high degree of persistence in … eliminate corruption. The analysis predicts that in politically unstable regimes, the institutions necessary to monitor and … enforce compliance are weak. In such countries, corruption is more pervasive and the compliance with regulations is low. The …
Persistent link: https://www.econbiz.de/10014400451
Using data on a panel of 56 democratic countries in the period 1975-2004, we find evidence of a negative association between political stability and economic growth which is stronger and empirically more robust in countries with high bureaucratic costs. Motivated by these results, which contrast...
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