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Corruption, Institutions and Regulation
Breen, Michael; Gillanders, Robert
We analyze the effects of corruption and institutional quality on the quality of business regulation. Our key findings indicate that corruption negatively aspects the quality of regulation and that general institutional quality is insignificant once corruption is controlled for. These findings hold over a number of specifications which include additional exogenous historical and geographic controls. The findings imply that policy-makers should focus on curbing corruption to improve regulation, over wider institutional reform.
Keyword(s): Business regulation; Economic policy; Institutional quality; Corruption
Publication Date:
2015
Type: Working paper
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): University College Dublin. School of Economics
First Indexed: 2015-02-21 05:45:53 Last Updated: 2018-10-11 15:34:47