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Working Paper
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While the effects of corruption on bilateral trade have been relatively well explored, its effect on the composition of trading partners has not been studied. In this paper, we argue that corruption in a country is likely to impose asymmetric costs on its trading partners depending on their...
Working Paper
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– The doubly false premise of rules reform
The World Bank’s Doing Business reports have evoked an intense policy debate about whether countries should simplify regulatory rules in order to stimulate investment and growth, or make them more stringent in order to achieve public policy objectives. Both sides of this debate, however, assume that...
Much criticism of aid rests on no evidence at all, on out-of-date studies (many of which are methodologically weak) or on a misunderstanding of causation and country context. Many critics correlate weak or negative growth with aid flows, without much (if any) attention to the direction of causation...
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