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Corruption, Institutions and Regulation

  • Michael Breen
  • Robert Gillanders

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.

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File URL: http://hdl.handle.net/10197/6381
File Function: First version, 2011
Download Restriction: no

Paper provided by School of Economics, University College Dublin in its series Working Papers with number 201106.

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Length: 23 pages
Date of creation: Mar 2011
Date of revision:
Handle: RePEc:ucn:wpaper:201106
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Web page: http://www.ucd.ie/economics

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