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Jeudi 19 Janvier 2012 - Séminaire de recrutement

Liam WREN-LEWIS   présentera une communication :

"Do Infrastructure Reforms Reduce Corruption ? Evidence from Latin Alemica and the Caribbean"

de 11 h à 12 h 30 en Salle S016 à l'INSEE-CREST, 15 Boulevard Gabriel Péri, 92245 MALAKOFF (Métro : Malakoff/Plateau de Vanves (Immeuble "Malakoff 2)).

Abstract : This paper investigates the interaction between corruption and infrastructure policy reforms. I construct a simple model to illustrate how both an increase in regulatory autonomy and privatisation may influence the effect of corruption. The interaction is then analysed empirically using a panel of 153 electricity distribution firms across 18 countries in Latin America and the Caribbean between 1995 and 2007. I find evidence that greater corruption is associated with lower firm efficiency, but this association is reduced when an independent regulatory agency is present. These results survive a range of robustness checks including instrumenting for regulatory governance and using several different corruption measures. I also find slightly less robust evidence that private ownership further mitigates the association between corruption and efficiency