In recent years, there has been increasing interest in whether and how bureaucratic
effectiveness contributes to development. Just what makes for an effective bureaucracy and …

This chapter critically reviews the literature which explains why and under which
circumstances governments accumulate more debt than it would be consistent with optimal …

We examine the ways in which political realities shape industrial policy through the lens of
modern political economy. We consider two broad “governance constraints”:(1) the political …

This paper examines whether a target-based performance evaluation system can properly
motivate local bureaucrats to implement an environmental regulation policy at the cost of …

The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look
back on the ECB's record and learn lessons that can improve the conduct of policy in the …

The examination of political risk, political uncertainty, and political institutions in the
international business literature has, not unexpectedly, been shaped by the prevailing …

Fiscal rule frameworks have evolved significantly in response to the global financial crisis.
Many countries have reformed their fiscal rules or introduced new ones with a view to …

When voters fear that politicians may be influenced or corrupted by the rich elite, signals of
integrity are valuable. As a consequence, an honest politician seeking reelection chooses …

In this study, I examine whether firms and executives with long-term political connections
through contributions and lobbying incur lower costs from the enforcement actions by the …

Comparative studies of corruption focus on the selection and incentives of policymakers.
With few exceptions, actors who are in charge of implementing policies have been …