The study of culture on economic development provides great potential for us to better understand why some economies grow faster. However, realizing this potential is challenging due to the difficulty of collecting cultural data and the unreliable nature of using such data. I propose to use...

Machine generated contents note: Acknowledgements; 1. Introduction: Why Study Corruption in Countries with Weak Institutional Environments?; 2. Bribe Takers: Types of Corruption and Their Effects on Efficiency; 3. Bribe Payers: Why Do People Pay? What Do They Get? Can They Refuse To Pay?; 4....

"It would be an understatement to say that the fate of Mercedes-Benz in China has undergone drastic changes over the past 50 years. In Mao's China in the 1970s, Mercedes cars were a rarity, and only the very top government officials rode in them. During that period, my family and I lived in a...

Direct investment and indirect (portfolio) investment require different governance mechanisms for investor protection. The literature on the effect of the governance environment (such as the legal system) on investment, which had been relatively underdeveloped, has begun to draw more attention...