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This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled …) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper …
Persistent link: https://www.econbiz.de/10013120227
the Sudan. The theory introduced here is that the regime was built on kleptocratic framework. That enhanced a rapid …
Persistent link: https://www.econbiz.de/10014043955
Using data for the 2005-2017 period, we consider the effects of resource rents on the sub-components of Freedom House's measures of Political Rights and Civil Liberties. Higher resource rents lead to a deterioration in Political Pluralism and Participation, but do not affect other...
Persistent link: https://www.econbiz.de/10012840711
In this paper, we study how policies limiting the spending capacity of local governments may lead to a reduction in corruption. We exploit the extension of one such policy, the Domestic Stability Pact (DSP), to Italian municipalities with less than 5,000 inhabitants that occurred in 2013. Using...
Persistent link: https://www.econbiz.de/10012842359
In this paper, we study how policies limiting the spending capacity of local governments may lead to a reduction in corruption. We exploit the extension of one such policy, the Domestic Stability Pact (DSP), to Italian municipalities with less than 5,000 inhabitants that occurred in 2013. Using...
Persistent link: https://www.econbiz.de/10012843596
Corruption can be generally intended as an (illicit) exchange between a member of an organization and another subject at the expense of either the organization itself or the rights of others, in which acts of power in contrast with official duty are exchanged for personal advantage. This general...
Persistent link: https://www.econbiz.de/10012944774
We study the role of an enforcer in the effectiveness of selective incentives in solving the collective action problem when groups take part in a contest. Cost functions exhibit constant elasticity of marginal effort costs. If prize valuations are homogeneous, our source of heterogeneity induces...
Persistent link: https://www.econbiz.de/10012822548
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10013148349
We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the extension of one such policy, the Domestic Stability Pact (DSP), to small Italian municipalities. The DSP led to a decrease in both recorded corruption rates and corruption charges per...
Persistent link: https://www.econbiz.de/10013244240
positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …
Persistent link: https://www.econbiz.de/10013318955