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The paper develops a theoretical model showing a mutual relationship between corruption and capital account … restrictions. According to the model, higher corruption induces stricter restrictions and vice versa. We test the model using panel … data for 112 countries over the period 1984-2002 and find that corruption and restrictions are indeed mutually determined …
Persistent link: https://www.econbiz.de/10003289319
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The paper develops a theoretical model showing a mutual relationship between corruption and capital account … restrictions. According to the model, higher corruption induces stricter restrictions and vice versa. We test the model using panel … data for 112 countries over the period 1984-2002 and find that corruption and restrictions are indeed mutually determined …
Persistent link: https://www.econbiz.de/10014078389
Persistent link: https://www.econbiz.de/10011525214
Persistent link: https://www.econbiz.de/10003378810
Persistent link: https://www.econbiz.de/10008903624
Persistent link: https://www.econbiz.de/10008701709
Countries' capital account policies might be contagious in the sense that domestic policies are driven by other countries' policies. A model of strategic interactions is developed to show that countries' best response to policy changes elsewhere consists in imitating this policy. Using a spatial...
Persistent link: https://www.econbiz.de/10009660970
Persistent link: https://www.econbiz.de/10000846583
Edwards and Khan, in an extension suggested by Haque and Montiel. Use is made of a time-varying parameter estimation based on … the Kalman filter technique, instead of the usual constant parameter estimation. The findings indicate a low degree of …
Persistent link: https://www.econbiz.de/10012445528