Is racial hate reflected in the degree of judicial corruption? Using US state-level data, we find racial hate to be a positive and statistically powerful predictor of judicial corruption. This relationship prevails after the inclusion of the conventional control variables and regional fixed...

State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs...

Is corruption capable of spreading across national borders? This paper uses panel data for 120 countries from 1995 to 2012 to evaluate whether the corruption levels of neighboring countries, as weighted by the relative joint border length, affects domestic corruption. Including country fixed...

This paper presents a model of political competition, where voter decisions are affected by their ideological adherence to political parties. We derive a number of interesting results: First, we show that an equilibrium exists even though voting is fully deterministic. Second, although...

In this paper we present a political economy approach in order to explain the degree of financial openness for an economy. In the model, entrepreneurs, who may have good or bad projects, vote for policies, which are proposed by selfish politicians. Two political frictions (ideological adherence...

This paper presents a model of political competition, where voter decisions are affected by their ideological adherence to political parties. We derive a number of interesting results: First, we show that an equilibrium exists even though voting is fully deterministic. Second, corruption and...

Six new aggregate measures capturing various dimensions of governance provide new evidence of a strong causal relationship from better governance to better development outcomes. In a cross-section of more than 150 countries, Kaufmann, Kraay, and Zoido-Lobaton provide new empirical evidence of a...

Article 6 of the UN Convention Against Corruption requires that signatory states establish an anti-corruption agency (or agencies) responsible for preventing corruption. However, the Convention - and legal scholarship in general - provides little direction about how such agencies should be...