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This paper addresses the effects of the revolving door phenomenon on the inequality of influence among firms. It shows that firms are not equal in their capacities to benefit from state connections. We first develop a theoretical model introducing the notion of "bureaucratic capital" and showing...
Persistent link: https://www.econbiz.de/10011729453
financing increases with freedom from corruption, rule of law, quality of regulations, and decreases with court disputes. We …
Persistent link: https://www.econbiz.de/10010478609
. Finally, we derive a positive relationship between the optimal level of a bureaucracy's influence and the relevance of long …-term investments in a given policy area. -- political agency ; hyperbolic discounting ; bureaucracy …
Persistent link: https://www.econbiz.de/10009744916
The paper compares the policy choices regarding risk-transfer against low-probability-high-loss events between elected and appointed public officials. Empirical evidence using data on U.S. municipality-level shows that appointed city managers are more likely to adopt federal risk-transfer...
Persistent link: https://www.econbiz.de/10009731798
Screening requirements are common features of fraud and corruption mitigation efforts around the world. Yet imposing …
Persistent link: https://www.econbiz.de/10014030148
Screening requirements are common features of fraud and corruption mitigation efforts around the world. Yet imposing …
Persistent link: https://www.econbiz.de/10014322752
the internal organization of the U.S. federal bureaucracy over 1817-1905. First, we show a series of facts, describing how …
Persistent link: https://www.econbiz.de/10014337824
This paper demonstrates the effect of country level corruption on illicit behavior of individuals in a foreign country … States from corruption-ridden countries are more likely to be apprehended than individuals from less corrupt countries are. …
Persistent link: https://www.econbiz.de/10010425986
techniques highlight the home country's social ills such as corruption, theft and homicide as key determinants. Also included in … host country. These results suggest that chronic socio-economic problems such as corruption, crimes, and poverty in the …
Persistent link: https://www.econbiz.de/10011382483
In this study we analyze the effects of corruption on income inequality and poverty. Our analysis advances the existing … literature in four ways. First, instead of using corruption indices assembled by various investment risk services, we use an … objective measure of corruption: the number of public officials convicted in a state for crimes related to corruption. Second …
Persistent link: https://www.econbiz.de/10008772371