Showing 1 - 10 of 2,031
The paper discusses some channels through which corruption affects growth such as the impact of corruption on … enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …
Persistent link: https://www.econbiz.de/10014403515
This paper quantifies the savings obtained from risk pooling with a Regional Stabilization Fund (RSF) for the Eastern Caribbean Currency Union. A Monte Carlo experiment is used to estimate the size of a RSF conditional on probabilities of depletion under specific saving-withdrawal rules. Results...
Persistent link: https://www.econbiz.de/10012605596
This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result … of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The … paper acknowledges the authorities' anti-corruption efforts made so far and proposes further critical reforms to reduce …
Persistent link: https://www.econbiz.de/10012022067
better credit ratings, better fiscal discipline, and less corruption, after controlling for other socioeconomic variables …
Persistent link: https://www.econbiz.de/10014401735
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries'' risk-adjusted growth opportunities, and identifies some of the channels...
Persistent link: https://www.econbiz.de/10014401637
alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a … basic one in which only the most fundamental questions (such as the effects of anti-corruption government policies on output …, and is able to explain why, even when able to eliminate corruption activity altogether, governments may choose not to do …
Persistent link: https://www.econbiz.de/10014398151
Paper discusses the factors that contribute to the spread of corruption as well as the implications of corruption for … markets and for public sector activities. It is argued that corruption can be contained mainly by a scaling down of the public …
Persistent link: https://www.econbiz.de/10014398409
Why do firms lobby? This paper exploits the unanticipated sequestration of federal budget accounts in March 2013 that reduced the availability of government funds disbursed through procurement contracts to shed light on this question. Following this event, firms with little or no prior exposure...
Persistent link: https://www.econbiz.de/10012103562
There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs … of corruption are so high, why don’t countries strive to improve their institutions and root out corruption? Why do many … countries appear to be stuck in a vicious circle of widespread corruption and low economic growth, often accompanied by ever …
Persistent link: https://www.econbiz.de/10014399729