This paper examines the effect that a country’s business regulatory environment has on the amount of foreign direct investment it attracts. We use the World Bank’s Ease of Doing Business ranking to capture the costs that firms face when operating in a country. Several interesting results...

type="main" <title type="main">Summary</title> <p>Recent years have seen a significant focus in the literature on growth and development on the idea that legal and political institutions are the key determinant of economic development. The main finding of this paper is that the focus on the primacy of legal and political...</p>

We analyze the effects of corruption and institutional quality on the quality of business regulation. Our key findings indicate that corruption negatively affects the quality of regulation and that general institutional quality is insignificant once corruption is controlled for. These findings...

This paper examines the relationship between corruption and infrastructure at both the country and regional level using the World Bank's Enterprise Surveys data. A statistically significant and considerable relationship is established between the measure of corruption in the macro data and the...

Experimental studies have shown that deterrence (monitoring and punishment) can be an effective anti-corruption policy. Even when they themselves stand to lose, policymakers may enact deterrence policies with real teeth ... However, policymakers' legitimacy is crucial: a given deterrence policy...