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We characterize how the size distribution of plants, within narrowly defined industries, changed in Italy over a ten-year time span, and relate this to the stock of civic capital at the provincial level. Data on plant size come from the 1991 and 2001 Italian censuses. Civic capital turns out to...
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Corrupt arrangements are characterized by a high risk of opportunism. Moreover, denunciation and extortion add another …
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amplifies the risk of opportunism, aggravating the difficulties of enforcing a bribe transaction. This involves a low …
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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...
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