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An examination and critique of the functionalist literature on corruption in the political administration of less …, economic and administrative effects in most LDCs contrast with the facts. No benefits for development from corruption are found …; market corruption, for example, does not appear to improve allocative efficiency. The erosion in a government's capacity to …
Persistent link: https://www.econbiz.de/10013024989
It has often been argued that bribery creates auction-like conditions and, hence, improves allocative efficiency of bureaucratic decisions. This article shows that these auction-like conditions are not likely to exist because officials will restrict access to bribery in order to reduce the risks...
Persistent link: https://www.econbiz.de/10013024990
This paper studies the effect of fiscal rules on debt affordability in a large set of developed and emerging market economies, using a panel data model which allows the inclusion of weakly exogenous regressors, and which deals appropriately with cross-sectional dependence. The results show a...
Persistent link: https://www.econbiz.de/10014495983
This paper aims to investigate the long-run relationship between financial development and economic growth using panel unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014. The long-run relationship has been estimated using...
Persistent link: https://www.econbiz.de/10011904249
data, such as cross-sectional dependence, heterogeneity and structural breaks, their models take these features into …
Persistent link: https://www.econbiz.de/10012209723
macro panel data, such as cross-sectional dependence, heterogeneity and structural breaks, our models take these features …
Persistent link: https://www.econbiz.de/10012120434
Persistent link: https://www.econbiz.de/10011810867
Persistent link: https://www.econbiz.de/10012060706
Extant literature indicates that technology, and by implication its underlying knowledge base, determines long-run economic performance. Absent from the literature with respect to developing countries are quantitative assessments of the nexus between technology as knowledge and economic...
Persistent link: https://www.econbiz.de/10014049967
This paper examines the relationship between health aid and infant mortality, using data from in total 135 countries (for the purposes of this study, developing countries), between 1975 and 2010. Utilizing both conventional Instrumental Variable and System GMM approaches, a tentative conclusion...
Persistent link: https://www.econbiz.de/10010219701