This paper provides evidence of a consistent gap in the value of cultural goods exported from Italy and the value declared by its trading partners in official trade statistics for the period 1994-2021 and discusses it in the context of the literature on illicit trafficking in cultural property,...

This paper provides evidence of a consistent gap in the value of cultural goods exported from Italy and the value declared by its trading partners in official trade statistics for the period 1994-2021 and discusses it in the context of the literature on illicit trafficking in cultural property,...

We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...

Greece had, largely as a result of clientele policies, delayed its privatization of the state-owned telecommunications operator, the Hellenic Telecommunications Organization (OTE) and the liberalization of markets. For over a decade up to 2004 Siemens paid bribes to managers of OTE, to senior...

Increased international commerce between the United States and faster growing economies such as The People’s Republic of China (PRC), as well as third world economies rich in natural resources but poor in infrastructure like Nigeria, have created the potential for significant exposure to...

According to a narrow definition, institutional capacity of the state is the ability of the government to enforce laws and regulations. There are a lot of subjective indices (control over corruption, rule of law, government effectiveness, etc.) that are designed to measure the state...

What do we know about the politics of corporate governance in emerging markets? While the state-level institutions have been amply explored, firm-level dynamics remain under-theorized. Complementing the orthodox emphasis on external finance as causal force behind the adoption of “minority...

The Kingdom of Morocco is located in the North-West Africa. It has been an absolute monarchy for centuries, though a new constitution adopted in 2011 may reduce the powers of the sovereign to a limited extent. The path to reform of telecommunications began in the mid-1990s with a restructuring...

Kenya has gradually descended below Nigeria in the rankings of global corruption by Transparency International. The limited evidence available suggests that the telecommunications sector has been part of that descent. Telecommunications in Kenya looks plausible, with four mobile operators and...