We find that new states are perceived to be more corrupt even though businesses do not report more bribery in newer states. This is suggestive of an unearned, and likely high, reputational cost to being a new state. These findings hold over a number of specifications that include additional economic, historical, and geographic controls.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Start Page
1
End Page
8
Series
UCD Centre for Economic Research Working Paper Series
