CAMPANTE, FILIPE R.; CHOR, DAVIN; DO, QUOC-ANH - In: Economics and Politics 21 (2009) 1, pp. 42-92
We investigate the relationship between corruption and political stability, from both theoretical and empirical perspectives. We propose a model of incumbent behavior that features the interplay of two effects: a horizon effect, whereby greater instability leads the incumbent to embezzle more...