We analyze the effectiveness of some commonly discussed anti--corruption reforms on political corruption, using a theoretical model of competition between two candidates in a probabilistic voting setup. Candidates, who may differ both in their ability to produce the public good, and popularity...

This paper investigates whether political connections affect individuals' propensity to engage in white-collar crime. We identify connections by campaign donations or direct friendships and use the 2007 French Presidential election as a marker of change in the value of political connections to...

It has been argued that greater transparency is needed to reduce corruption. One way of increasing transparency is through the adoption of Freedom of Information (FOI) laws. This paper uses the introduction of FOI laws as a natural experiment to determine their effect on corruption. Using a...

A large body of empirical research suggests that welfare spending reduces crime. Contrary to this dominant finding, a few recent studies conclude that there is no relationship between several measures of welfare spending and serious crime. This paper contributes to the debate using data from the...

In the last three decades Argentina tripled its crime rate boosting safety at the top of mayor concerns of Argentineans which leaves open the question about the behavior of incumbent governors of the 23 provinces about anti-crime measures in the proximity of elections. How do incumbent governors...

Economic and political literature widely studied the effects of electoral system on corruption. But very little attention has been dedicated to the role of political competition in explaining this relationship. We hypothesize that the proportionality degree of the electoral system impacts...

Much insider trading literature focuses on the redistribution of monetary rents. This focus has led to ambiguous and conflicting results, unable to identify who the clear winners and losers of insider trading legislation are. Lacking any clearly defined beneficiary, an analysis of the origins...

This paper provides new and unexplored evidence of a negative link between an increasing female participation in politics and the infiltration of organized crime in government. We perform an empirical analysis of about 1,700 Southern Italian municipalities between 1985 and 2013 exploiting two...

This study employs the instrumental variable two-stage least squares regression approach for the data for 121 countries to explore the impact of a country’s political environment on its level of corruption. The study provides strong evidence that a higher degree of rule of law, press freedom,...

This exploratory study examines the impact of various forms of economic freedom and various dimensions of governance, as well as a number of economic factors, on economic growth among OECD nations. Empirical estimation finds that the natural log of per capita purchasing-power-parity adjusted...