(30.) Przeworski (2009) and Aidt
and Franck (2015) rely on protests (or riots or unrests) rather than political events in neighboring countries to test the threat of revolution theory.
We use the basic principal-agent-client (PAC) model of Aidt
(2003) to identify potential linkages between corruption and economic freedom.
Similarly, corruption, which is another very important indicator of the quality of governance, is a persistent feature of countries over time and space (Aidt
The above studies suggest that the effect of corruption on economic growth is moderated by the institutional social environment, such as the culture, the governance environment (Li & Wu, 2010), or the political system (Aidt
et al., 2008; Drury, Krieckhaus & Lusztig, 2006; Ehrlich and Lui, 1999; Shleifer & Vishny, 1993).
Confirmed speakers and panellists so far include Enrico Barboglio (FESPA Italia); Duncan MacOwan (FESPA); Ron Gilboa (InfoTrends); Fulvio Alvisi (AIDT
); Andrea Ferrero (Miroglio Textiles); Lorenzo Zottar (The Color Soup); Gianluca Brenna (Stamperia di Lipomo); Dario Garnero (Stamperia Serica Italiana) and Andrea Barbiani (MS Italy).
Other studies, however, point that host country corruption may hold a positive impact on FDI, acting as "grease" (LEFF, 1964; HUNTINGTON, 1968; BARDHAN, 1997; EGGER; WINNER, 2005; CUERVO-CAZURRA, 2008; AIDT
, 2009) by expediting exchanges and allowing private firms to overcome ineffective regulations and governmental institutions.
Corruption may hold a positive impact on stock market development through its impact on FDI, acting as "grease" by expediting transactions and allowing private firms to overcome ineffective regulations and governmental institutions (see Leff 1964; Huntington 1968; Bardhan 1997; Egger, Winner 2005; Cuervo-Cazurra 2008; Aidt
Ed Castile Deputy Secretary of Department of Commerce for Workforce Programs, Alabama Industrial Development Training (AIDT
), since August 1993, former Tennessee Industrial Training Service Voc Ed bachelors and master's industrial studies from Middle Tennessee State University.
, Dutta and Sena (2008) document that corruption has a substantial negative impact on economic growth, especially in regimes with high quality political institutions.