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We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem …
Persistent link: https://www.econbiz.de/10010267880
In many transition economies, insiders controlled state-owned firms, de facto. For such firms, we model the decision about privatization method, focusing on the choice between free distribution (so called 'mass privatization') and management-employee buyouts. We incorporate a political...
Persistent link: https://www.econbiz.de/10011470762
We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem …
Persistent link: https://www.econbiz.de/10005566702
We analyze the provision of infrastructure by a foreign investor when the domestic bureaucracy is corrupt, but puts some weight on domestic welfare. The investor may pay a bribe in return for a higher provisional contract price. After the investment has been sunk, the bureaucracy may hold up the...
Persistent link: https://www.econbiz.de/10011872622
We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem … is less tight, bureaucrats are less venal, or compensation for expropriation is ungenerous. -- corruption ; bureaucratic …
Persistent link: https://www.econbiz.de/10003330459
privatization is more likely to be chosen if the government is politically weak. -- Corruption ; Bureaucratic Structure ; Developing …
Persistent link: https://www.econbiz.de/10003342111
itself, which performs an anti-corruption task - with the payment of illegal contributions, and provide general conditions …
Persistent link: https://www.econbiz.de/10003971532
We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem …
Persistent link: https://www.econbiz.de/10012778446
This paper uses a multiple indicators and multiple causes (MIMIC) model and estimates the extent of corruption in 30 … Chinese provinces from 1995 to 2015. Treating corruption as an unobserved latent variable, the MIMIC results show that both … government size and public investment have significant positive effects on corruption, while fiscal decentralization, citizen …
Persistent link: https://www.econbiz.de/10012910628
In prior studies, accounting and decentralization corruption solutions have so far been analysed in isolation. In this … article, we connect these two strands of literature on corruption. Understanding this connection is important because weak … countering corruption. We argue that the effectiveness of decentralization as an anti-corruption barrier is complemented by the …
Persistent link: https://www.econbiz.de/10012869762