Petrarca, Ilaria; Ricciuti, Roberto - In: International Journal of Monetary Economics and Finance 6 (2013) 2/3, pp. 186-202
We investigate the relationship between corruption and economic performance, focusing on the historical roots of the … social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We … empirically test this hypothesis on a dataset of Italian provinces, and address the possible endogeneity of corruption by applying …