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Under what circumstances might a state be subject to liability for the conduct of its state owned enterprises (SOEs)? That question, always controversial but apparently settled by the end of the last century, has once again become important as the old conceptual categories for liability have...
Persistent link: https://www.econbiz.de/10013217350
Zimbabwe is one of the least fiscally performing countries in Sub-Saharan Africa, with some fiscal outcomes for years 2009 to 2019 being unsatisfactory. The IMF 2020 Article IV consultation report on Zimbabwe suggested that fiscal and monetary slippages experienced in 2018 and 2019 resulted in...
Persistent link: https://www.econbiz.de/10013233496
Against the background of growing discontent over excessive leniency of US and EU competition policy, this article argues that the policy displays characteristics corresponding to those that brought about the social capture of financial policy co-responsible for the late 2000s global crisis. The...
Persistent link: https://www.econbiz.de/10013238761
The study examined the effectiveness of the Auditor General’s Office in enhancing public sector accountability in Zimbabwe. The public sector has been characterised by financial irregularities and mismanagement of funds (Bernard, 2009), yet the AG’s office exist to enhance accountability and...
Persistent link: https://www.econbiz.de/10013240003
The monopoly position of the public bureaucracy in providing public services allows government employees to acquire rents. Those rents can involve higher wages, monetary and non-monetary fringe benefits (e.g., pensions and staffing), and/or bribes. We propose a direct measure to capture the...
Persistent link: https://www.econbiz.de/10013317746
We show that isolated capital cities are robustly associated with greater levels of corruption across US states, in line with the view that this isolation reduces accountability. We then provide direct evidence that the spatial distribution of population relative to the capital affects different...
Persistent link: https://www.econbiz.de/10010884821
Using a panel data at the provincial level during the period of 1989–2004, this paper examines the effects of social and economic factors such as government scale, privatization, openness, and education on regional corruption. Applying a fixed-effect model and IV estimation, we find that...
Persistent link: https://www.econbiz.de/10011015232
We report results from a randomized policy experiment designed to test whether increased audit risk deters rent extraction in local public procurement and service delivery in Brazil. Our estimates suggest that temporarily increasing annual audit risk by about 20 percentage points reduced the...
Persistent link: https://www.econbiz.de/10010950611
Modernity is usually thought as a complex society with clearly differentiated spheres of everyday life. It means, in particular, that economic rules do not interfere with the norms structuring political, social, scientific and other interactions. The complex, differentiated society sharply...
Persistent link: https://www.econbiz.de/10010957382
Reducing corruption is one of the world’s many challenges. The fight against corruption is often discouraging. Yet, Europe continues to advance its anti-corruption initiatives. While the fight against has seen some victories, significant gains are few, especially in the Central and South...
Persistent link: https://www.econbiz.de/10010929236