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-shaped or downward-sloping pattern. Corruption may affect this relationship in two distinct ways: by raising pollution at given … corruption on pollution. The indirect effect via income is positive or negative depending on the income level. If negative, the … corruption. Because this relationship is particularly strong at low income levels, developing countries can considerably improve …
Persistent link: https://www.econbiz.de/10011438821
This work provides a new way to analyze of the effect of electoral system and corruption: through its degree of …. But it is beneficial only up to certain proportionality degrees, after which the corresponding level of corruption begins …
Persistent link: https://www.econbiz.de/10011527252
We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective sanction of the …' corruptibility but is not sufficient to eliminate the Tragedy of corruption that leads both firms and officials to earn less than in … the absence of corruption. …
Persistent link: https://www.econbiz.de/10011528171
A government officials' propensity to corruption, or corruptibility, can be affected by his intertemporal preference …
Persistent link: https://www.econbiz.de/10011373824
This paper introduces harassment in a model of bribery and corruption. We characterize the harassment equilibrium and …
Persistent link: https://www.econbiz.de/10009781684
We study the role of tax share and transparency of governance on growth and stagnation. A local government maximizes its private benefits using two activities. The first one consists of providing local public goods that help local firms to increase profits, thus enlarging tax revenue. The second...
Persistent link: https://www.econbiz.de/10011450277
We extend the model of insecure property rights by Tornell and Velasco (1992) and Tornell and Lane (1999) by adding three features: (i) extracting the common property asset involves a private appropriation cost, (ii) agents derive utility from wealth as well as from consumption, and (iii) agents...
Persistent link: https://www.econbiz.de/10011450350
In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … 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/10011451286
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
Can a society suffering contests between rich and poor achieve good governance in the face of endemic corruption? We … payments, limiting the state's economic development capability. In the face of extensive corruption, it is challenging for the … that minimizes corruption and is sensitive to the present and future needs of society. To do this it must understand what …
Persistent link: https://www.econbiz.de/10012124550