In this paper we study the impact of multi-way means of communication on corruption by exploring the relationship … between social media and corruption. Our cross-country analysis of over 150 countries shows that Facebook penetration (a proxy … for social media) has a negative and economically sizable impact on corruption. Using a novel dataset on technological …

We report an intriguing empirical observation. The relationship between corruption and output depends on the economy …'s degree of openness: in open economies, corruption and GNP per capita are strongly negatively correlated, but in closed … to poor countries, and if we allow for the possible endogeneity of both the corruption and openness measures. We find …

interest payments. We find that the value of the political connections persisted after the Anti-Corruption Campaign of 2012. It … value of connections in the private sector increased after the Anti-Corruption Campaign because they became a less risky … alternative to corruption. We also show that connected firms do not perform better …

We report an intriguing empirical observation. The relationship between corruption and output depends on the economy …’s degree of openness: in open economies, corruption and GNP per capita are strongly negatively correlated; but in closed … to poor countries, and if we allow for the possible endogeneity of both the corruption and openness measures. We find …

This paper investigates the causes of corruption in the Italian regions for the period 1980 to 2002 by selecting a … number of hypotheses assessed in the literature. Corruption turns out to be driven by the level of per capita income and of … education. While, as expected, income is negatively related with corruption, education is not; its positive impact on corruption …

finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç …) hypotheses that English common-law countries tend to have better developed financial intermediaries than French civil-law …

This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …