Available wisdom suggests that a negative relationship prevails between economic freedom and perceived corruption among firms. However, the relationship is far from linear and a number of complex interactions make it fairly nuanced. We show that greater competition may accentuate the problem of...

This paper adds to the literature of informal firms-corruption relationship by undertaking a firm level study for India and asking if economic freedom helps the transition from informal to formal by mitigating perceived corruption by firms. Given economic institutions that encompass property...

Available wisdom suggests that a negative relationship prevails between economic freedom and perceived corruption among firms. However, the relationship is far from linear and a number of complex interactions make it fairly nuanced. We show that greater competition may accentuate the problem of...

In this paper, we utilize data from the Understanding America Study (UAS) panel to investigate the role that both cognitive and non-cognitive skills play in the empirically observed stock market participation puzzle. Specifically, we examine both the direct and indirect impacts of the primitive...

The rapid advancement of artificial intelligence (AI) has given rise to sophisticated language models that excel in understanding and generating human-like text. With the capacity to process vast amounts of information, these models effectively tackle problems across diverse domains. In this...

In this paper, we utilize data from the Understanding America Study (UAS) panel to investigate the role that both cognitive and non-cognitive skills play in the empirically observed stock market participation puzzle. Specifically, we examine both the direct and indirect impacts of the primitive...