@inproceedings{Hainz2005Political,
abstract = {In transition and developing countries, we observe rather high levels of corruption even
they have democratic political systems. This is surprising from a political economy perspective,
as a majority of the people generally suffers from high corruption levels. Our model
based on the fact that corrupt officials have to pay an entry fee to get lucrative positions.
In a probabilistic voting model, we show that a lack of financial institutions can lead
more corruption as more voters are part of the corrupt system. Well-functioning financial
institutions, in turn, can increase the political support for anti-corruption measures.},
author = {Christa Hainz and Kira Boerner},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D72; O17; D73; 330; Corruption; Financial Markets; Institutions; Development; Voting},
language = {eng},
number = {6},
series = {Proceedings of the German Development Economics Conference, Kiel 2005 / Verein f\"{u}r Socialpolitik, Research Committee Development Economics},
title = {The Political Economy of Corruption and and the Role of Financial Institutions},
url = {http://hdl.handle.net/10419/19799},
year = {2005}
}
