Using panel data from the International Country Risk Guide corruption index, institutional quality and political stability indices and several state variables for developed and developing countries, this paper explores the linear quadratic empirical relationship between corruption and economic...

Theft and corruption are common in electricity distribution systems worldwide. Electricity theft is analysed in the framework of an individual’s choice under uncertainty and through a three-layered principal-agent-client model of corruption. [PIDE Working Papers 2013: 92]....

Having an exchange rate close to its equilibrium is critical for foreign investors and policymakers during times of macroeconomic instability. This study measures the real exchange rate (RER) misalignment in eight Pakistani manufacturing industries from January 2002 to June 2020. The ARDL...