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An economy is considered where a possibility to seek rents (a particular case of this activity is corruption) exists … low corruption the direct law enforcement is beneficial for growth, and reduces the shadow sector. However, in the highly … corrupt economy, combating the shadow economy reduces output and increases corruption, while combating corruption reduces the …
Persistent link: https://www.econbiz.de/10014079491
Exchange rate policy results not just from economic, but also from fundamentally political processes. This paper analyzes the propensity of policy makers to relax fixed exchange rate regimes by performing regular realignments. The argument is that when information is scarce as in transition...
Persistent link: https://www.econbiz.de/10013155714
We consider a continuum of agents in a transition country where the transfer of property rights has occurred. The transition is in progress and the nature of the government's future policies is unknown to the agents. Agents believe that the present government can evolve into one of two types: a...
Persistent link: https://www.econbiz.de/10013158072
Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
Persistent link: https://www.econbiz.de/10011300556
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, Chap 5). The modern Public Choice proponents argue that corruption might influence the efficiency of the … rule of law. While Chicago Public Choice scholars model how corruption improves efficiency of the rule of law and thus the …
Persistent link: https://www.econbiz.de/10014178681
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia …
Persistent link: https://www.econbiz.de/10014168990
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). The modern Public Choice proponents argue that corruption and lobbying might influence the … efficiency of the rule of law. While Chicago Public Choice scholars model how legal lobbying, which is corruption in Virginia …
Persistent link: https://www.econbiz.de/10014168994
Can corruption improve economic efficiency? Classical political economists argue that corruption undermines the rule of … law (Smith 2001, chap 5). Modern Public Choice proponents argue that corruption and lobbying might influence the rule of …’s efficiency and thus overall economic efficiency, the Virginia Public Choice models explain how corruption and lobbying reduces …
Persistent link: https://www.econbiz.de/10014149245
The corruption is a secondary phenomenon, because there are economic preconditions causing it. Unless the achievement … ending, both of them may become the cause of corruption in the post-Communist transformation of the economy. In order to … restrict corruption and establish the institution of private property, it is necessary to legalize the existing results of …
Persistent link: https://www.econbiz.de/10013097258
Previous empirical work on corruption has generally been cross-country in nature and focused on utilizing country …-level corruption ratings. By using micro-level data for over 20 European countries that directly measure individual characteristics …, corruption experiences, gender roles, trust and values to examine the determinants of corruption, this paper goes beyond the …
Persistent link: https://www.econbiz.de/10010201267