This paper provides a simple model of corruption dynamics with the ratchet effect. As in Shleifer and Vishny (1993), we … consider the sale of government property (entry permit) by government officials as the prototype of corruption activities. In a … official's tenure stability on the extent of corruption. This allows us to identify circumstances under which the often …

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …

The effects that corruption and tax policy have on entrepreneurship and firm growth have been often studied in the … literature. This current paper adds to that literature by evaluating how the interaction effect between corruption and tax policy … findings are consistent with the literature and suggest that while high levels of corruption and relatively burdensome tax …

Purpose – The purpose of this paper is to empirically investigate the impact of corruption on foreign direct investment … evaluate the impact of corruption on FDI activities.Findings – The empirical results illustrate that corruption is a … components of FDI – greenfield investment and cross-border M&As, are separately examined. Specifically, while corruption …

This paper provides a simple model of corruption dynamics with the ratchet effect. As in Shleifer and Vishny [1993], we … consider the sale of government property (entry permit) by government officials as the prototype of corruption activities. In a … also explore the effect of the official's tenure stability on the extent of corruption. This allows us to identify …

This paper provides a simple model of corruption dynamics with the ratchet effect. As in Shleifer and Vishny [1993], we … consider the sale of government property (entry permit) by government officials as the prototype of corruption activities. In a … also explore the effect of the official?s tenure stability on the extent of corruption. This allows us to identify …