Recent empirical studies claim that, in addition to levels of corruption, investors are deterred by its unpredictability. I claim instead that it is petty corruption that deters investors. I employ seven subcomponents of corruption for a sample of 102 countries that appear in the 2003 Global...

This paper empirically analyzes the joint impact of democracy and press freedom on corruption. Based in the theoretical literature, we argue that both institutional features are complements rather than substitutes in controlling corruption. Our regressions are based on a cross section of 170...

This paper empirically analyzes the joint impact of democracy and press freedom on corruption. Based in the theoretical literature, we argue that both institutional features are complements rather than substitutes in controlling corruption. Our regressions are based on a cross section of 170...

The determinants of corruption have been debated by economists and non-economists for the past few decades. However, no consensus has been reached about the exact determinants of corruption and as well the direction of the effect of some the known key variables used in corruption studies. Most...

The current work focuses on the economics of corruption, with an emphasis on the influence of internet users and press freedom on the perception of corruption. An analysis of crosssectional data obtained for 113 countries in 2010 was implemented by means of a generalized linear model involving a...

This paper utilizes six-year Senate terms and two-year reporting periods to analyze if Political Action Committees are using their donations to influence the actions of sitting Senators as opposed to simply trying to get those with favorable policy views re-elected. Senators that are early in...

This paper investigates the interaction of foreign direct investment, economic growth and political capacity on corruption in China. We use aggregated data from 1998 – 2007 and construct a profile for each sub-national province in China. This paper contributes to the existing political economy...

This paper offers a new theory of the corruption-shadow economy relationship: one that defines it as either collusive – i.e., crony – or non-collusive. Using new estimates of state-level shadow economy size, and data on corruption convictions of U.S. public officials for the 48 contiguous...

This article is the first to show that foreign investors care about economic freedoms, rather than political freedoms, in making decisions about where to locate capital. Hence more democratic countries may receive less Foreign Direct Investment (FDI) flows if economic freedoms are not...