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Martinelli, César - 2020

model throws light on relatively unexplored dynamic effects of corruption on politician selection. In particular, we show …-bang structure-optimal rewards focus either on stamping corruption at lower office, or on improving selection at the higher office …

Persistent link: https://www.econbiz.de/10014031741

Corruption Scrutiny and Corporate Investment : Evidence from China

Ramirez, Carlos D. - 2015

We examine whether corporate corruption scrutiny affects corporate investment in China. A corruption news index (CNI …) containing firm-specific measures of corruption scrutiny is developed by tracking all articles in the press about corruption for …

Persistent link: https://www.econbiz.de/10013024807

Is Corruption in China 'Out of Control'? A Comparison with the U.S. In Historical Perspective

Ramirez, Carlos D. - 2012

This paper compares corruption in China over the past 15 years with corruption in the U.S. between 1870 and 1930 …, periods that are roughly comparable in terms of real income per capita. Corruption indicators for both countries and both … periods are constructed by tracking corruption news in prominent U.S. newspapers. Several robustness checks confirm the …

Persistent link: https://www.econbiz.de/10013097049

Public Debt and the Corruption of Contract : Can the Keynesian Cancer Be Excised?

Wagner, Richard E. - 2017

practice. That corruption was aided by transmutation of the implicit model of economic life latent within the population from …

Persistent link: https://www.econbiz.de/10012962765

'Monstrous Moral Hybrids' and the Corrupting Quality of Public Debt

Eusepi, Giuseppe - 2016

This is the penultimate version of the last of six chapters in a book titled Public Debt: An Illusion of Democratic Political Economy. This essay explores how public debt is a troubling practice for republican and democratic regimes because of its ability to corrupt the language and practice of...

Persistent link: https://www.econbiz.de/10012980200

James M. Buchanan and the Corrupting Quality of Public Indebtedness

Wagner, Richard E. - 2018

engenders a corruption of the meaning of contract through elevating public law to a position of superiority to the institutional …

Persistent link: https://www.econbiz.de/10012906537

Political Competition and Rule-Based Financing in the Municipal Bond Market

Moszoro, Marian W. - 2018

I study the link between the choice of rule-based contracts and political competition through the municipal bond market. I provide evidence that when the probability of losing office is high, mayors are more likely to issue revenue bonds over general obligation bonds and to choose competitive...

Persistent link: https://www.econbiz.de/10012920545

Fiscal Illusion and the Association to Advance Collegiate Schools of Business’s Promotion of the UN’s’ Development Goals

Wagner, Richard E. - 2023

In 1903 the Italian economist Amilcare Puviani articulated a theory of fiscal illusion to promote better understanding of the course of political action. Puviani created his theory to explain the failure of political pronouncements to reflect the reality to which those pronouncements claimed to...

Persistent link: https://www.econbiz.de/10014353836

The Political Economy of the Virtual Wall

Coyne, Christopher J. - 2020

In addition to using physical walls the United States government has attempted to restrict movement across the U.S.-Mexico border by constructing “virtual walls.” Virtual walls involve applying advanced surveillance and detection technologies to border enforcement. The U.S. government has...

Persistent link: https://www.econbiz.de/10012846501

The Political Economy of State Responses to Infectious Disease

Coyne, Christopher J.; Duncan, Thomas K.; Hall, Abigail - 2021

How can public policy best deal with infectious disease? In answering this question, scholarship on the optimal control of infectious disease adopts the model of a benevolent social planner who maximizes social welfare. This approach, which treats the social health planner as a unitary “public...

Persistent link: https://www.econbiz.de/10013312534