Periodic Reporting for period 1 - ANTICORPOL (New dimensions and approaches to anti-corruption policy)
Okres sprawozdawczy: 2018-09-01 do 2020-08-31
These issues are very important for society because, in reality, corruption continues to be a central issue in the governance of institutions (public, private or mixed) - a phenomenon that costs the European economy around 120 billion euros per year. On the theoretical front, the existing literature views corruption decision as binary choices and fails to capture the degree of corruption of an individual. At the policy level, the scholars and practitioners working on the topic are facing the increasing awareness of the failure of most anti-corruption policies. On the empirical level, the current measurement of corruption is perceived or observed corruption which is usually confounded with many different things.
The overall objective of this project is to introduce a new dimension in the discussion of corruption: the degree of corruption (i.e. the depth as opposed to the spread). I maintain that in order to have a complete study of the issue of corruption, it is about time that we bring the degree of corruption into the discussion.
I developed new anti-corruption policies which are based on the idea of market failures: economists are well aware of circumstances, such as adverse selection, moral hazard, negative externalities, where markets (i.e. exchanges) collapse.
I am working on collecting data on Chinese anti-corruption campaign to develop an empirical work about the effects of Chinese anti-corruption campaign on the firm's decisions and the stock market.
This project promotes results, which may possibly influence policy-making, and be followed-up by industry, civil society and the scientific community. This project will develop results tailored to the European context which, unlike in the existing empirical literature, is still some way from the Federal one where anti-corruption policy is debated. The findings generated by this project will be disseminated to academic as well as non-academic audiences to inform the public debate on the roots of the corruption phenomenon as well as ideas and recommendations of new anti-corruption strategies.