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resource-rich countries, the decision of host governments to expropriate these investments, and the level of corruption. Higher … production. Moreover, resource production leads to high levels of corruption. Our theoretical results are confirmed by … estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption …
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leading people by family ties, while corruption is a permanent risk for the economic system, but also for the country's legal … system. The purpose of this paper is to analyze nepotism, effects of nepotism, and to analyze the impact of corruption on the …
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A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We present a model, a laboratory experiment, and a simple cross-country regression supporting this view. We model an economy with an unequal distribution of property rights, in which...
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This paper develops a simple framework to analyze the links between corruption and the unofficial economy and their …
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