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Answers to the Eurobarometer question on Life Satisfaction are used to explore the effects of macroeconomic performance and institutional quality on average levels of self‐assessed well-being in the countries of the enlarged European Union between 2004 and 2011. It is found that variations in...
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from 1970 - 2013, taking into account structural breaks. To better reflect causality, corruption and trade are included as … causal direction. Our estimation results suggest GDP growth has one cointegrating vector relationship with corruption, EU aid … to GDP growth and a short-run unidirectional causal relationship from trade to GDP growth. Corruption (which is a …
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Abundant empirical evidence links well-functioning institutions and good governance to better economic and social outcomes. It is thus an important challenge to determine which conjunction of factors produces better institutions. Along this line, the objective of this paper is twofold. First, it...
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Up until the 1980s, studies on corruption were dominated by disciplines of public administration and sociology. In the … International Agency, corruption, which has a negative impact on most macroeconomic indicators, is “the abuse of entrusted power for … private gain”. Even though the disruption of corruption causing weak growth and investment rates has long been examined, there …
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