This paper considers the role of corruption in impelling capital flight. Identifying corruption as one dimension of poor governance, the empirical analysis explores direct linkages between corruption and capital flight in a broad sample of countries. The novelty of this investigation is that it...

We examine the impact of institutional quality on early stage and formal entrepreneurial activity and on knowledge spillovers. We use four institutional variables – the protection of property rights, business freedom, financial depth, and corruption as proxies for institutional quality....

Trade liberalization and financial deepening have assumed greater significance for a countrys economic growth performance in recent times. Several theoretical and empirical studies have devoted considerable attention to the association between economic performance and trade liberalization as...

This paper critically evaluates the performance of Indian banks by examining quantitative data on bank profitability and risk subsequent to the market-oriented reforms in 1991. A bank transparency indicator is also constructed to appraise the performance of Indian banks with respect to the...