Between two evils: Investors prefer grand corruption!
Graf Lambsdorff, Johann;
- Publisher: Passau: Universität Passau, Wirtschaftswissenschaftliche Fakultät
- Subject: C21 | Petty Corruption | F21 | K42 | Grand Corruption,Petty Corruption,Extortion,Predictability,Opportunism,Public Utilities,Laws and Policies,Judiciary | Predictability | Judiciary | Grand Corruption | Opportunism | Laws and Policies | O17 | Public Utilities | Extortion
- jel: jel:C21 | jel:F21 | jel:O17 | jel:K42ddc: ddc:330
Recent empirical studies claim that, in addition to levels of corruption, investors are deterred by its unpredictability. I claim instead that it is petty corruption that deters investors. I employ seven subcomponents of corruption for a sample of 102 countries that app... View more