During the first half of the 1990s a pool of Italian judges carried out an investigation, named Mani Pulite (literally clean hands), that led many public officials to be prosecuted and convicted because of corruption. We show that Mani Pulite broke down the perverselinkage between corruption and...

The purpose of this study was to examine the impact of poverty, unemployment, inequality, corruption and poor governance on Niger Delta militancy, Boko Haram terrorism and Fulani herdsmen attacks in Nigeria. Using annual data over the period 1980-2017, this study applied fully modified OLS...

The purpose of this study was to examine the impact of poverty, unemployment, inequality, corruption and poor governance on Niger Delta militancy, Boko Haram terrorism and Fulani herdsmen attacks in Nigeria. Using annual data over the period 1980-2017, this study applied fully modified OLS...

Electric power is so vital to both our economic and personal wellbeing that the erstwhile state policy in most of the developing countries, including India, had vested the power industry in the hands of the state as a promotional agency for subsidized supply. However, with the onset of the...

In infrastructure franchising, risks must be allocated to the agent that can handle them. To mitigate risks that the concessionaire can not handle with should decrease the return required by the concessionaire and increase the expected return of the Government. In this paper we analyze a...

Why do elected officials often suffer from political paralysis and fail to implement thebest policies available? This paper considers a new yet intuitive explanation thatfocuses on the quality of the politicians competing to replace the incumbent. Thekey insight is that a 'good' incumbent with...

The paper explores a game-theoreticmodel of petty corruption involving a sequence of entrepreneurs and a track of bureaucrats. Each entrepreneur's project is approved if and only if it is cleared by each bureaucrat. The project value is stochastic; its value is observed only by the entrepreneur,...

We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...

This paper analyzes the existing relationship between economic growth and the monitoring of corruption and examines the possible outcome of the implementation of a State reform in order to weed out corruption. Growth is always higher when monitoring is high and therefore corruption eradicated....

This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of...