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We hypothesize that the spread of the Internet has reduced corruption, chiefly through two mechanisms. First, the … that the spread of the Internet has reduced the extent of corruption across the globe and across the U.S. The size of the …
Persistent link: https://www.econbiz.de/10012712744
This paper investigates whether the costs of corruption are conditional on the extent of government intervention in the … economy. We use data on corruption convictions and economic growth between 1975 and 2007 across the U.S. states to test this … evidence for the "weak" form of the grease-the-wheels hypothesis. While corruption is never good for growth, its harmful …
Persistent link: https://www.econbiz.de/10014155552
The value of the elasticity of substitution between labor and capital (ó) is a "crucial" assumption in the study of factor incomes (e.g., Piketty (2014a), Piketty and Zucman (forthcoming), Karabarbounis and Neiman (2014)) and long-run growth (Solow, 1956). This paper begins by examining the...
Persistent link: https://www.econbiz.de/10010383304
This paper sets out to investigate the forces behind the so-called "global capital flows paradox" and related "dollar glut" observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...
Persistent link: https://www.econbiz.de/10010266438
In 1979, when anthropometric history was still in its infancy, Robert Fogel and collaborators reported that the height of the US male white population began to decline quite unexpectedly around the birth cohorts of 1830. This was quite a conundrum on account of the fact that according to...
Persistent link: https://www.econbiz.de/10010427636
This paper sets out to investigate the forces behind the so-called global capital flows paradoxʺ and related dollar glutʺ observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...
Persistent link: https://www.econbiz.de/10003727283
Persistent link: https://www.econbiz.de/10003862860
Persistent link: https://www.econbiz.de/10003862934
Persistent link: https://www.econbiz.de/10008699848
This paper takes off from Jan Kregel's paper "Shylock and Hamlet, or Are There Bulls and Bears in the Circuit?" (1986), which aimed to remedy shortcomings in most expositions of the "circuit approach". While some "circuitistes" have rejected John Maynard Keynes's liquidity preference theory,...
Persistent link: https://www.econbiz.de/10009523597