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After the leak of 11.5 million documents from the Panamanian corporation Mossack Fonseca, an intricate network of offshore business entities has been revealed. The emerging picture is that of legal entities, either individuals or companies,…
Almost all countries in the world require banks to report suspicious transactions to national authorities. The reports are known as suspicious transaction or activity reports (we use the former term) and are intended to help authorities…
Following the invasion of Ukraine, the US, UK, and EU governments--among others--sanctioned oligarchs close to Putin. This approach has come under scrutiny, as evidence has emerged of the oligarchs' successful evasion of these punishments.…
In capitalist societies, only a single right can be fully exerted without constraints of any kind: the limitless accumulation of wealth. Such imperative or prime axiom is the ultimate cause of the raising waves of inequalities observed…
In this article, we study the effects of organized crime infiltration in city councils on environmental policies implemented in Italy at the municipal level. To this purpose, we exploit the exogenous shock of the removal of a city council…
In most of the recent literature on state capacity, the significance of wars in state-building assumes that threats from foreign countries generate common interests among domestic groups, leading to larger investments in state capacity.…
Mexico has experienced a notable surge in assassinations of political candidates and mayors. This article argues that these killings are largely driven by organized crime, aiming to influence candidate selection, control local governments…
This paper proposes a model of tax compliance and fiscal capacity grounded in universalization reasoning. Citizens partially internalize the consequences of concealment by imagining a world in which everyone acted similarly, linking their…
In the fight against tax evaders and other cheats, governments seek to gather more information about their citizens. In this paper we claim that this increased transparency, combined with ineptitude, or corruption, can lead to widespread…
This paper presents a simple agent-based model of an economic system, populated by agents playing different games according to their different view about social cohesion and tax payment. After a first set of simulations, correctly…
Based on the Global Entrepreneurship Monitor (GEM) surveys and conducting a panel data estimation to test our hypothesis, this paper examines whether corruption perceptions might sand or grease the wheels for entrepreneurship inside…
Economic unions are international agreements oriented to increase economic efficiency and establishing political and cultural ties between the member countries. Becoming a member of an existing union usually requires the approval of both…
How can governments attract entrepreneurs and their businesses? The view that new business creation grows with the optimal level of government investments remains appealing to policymakers. In contrast with this active approach, we build a…
Civil Asset Forfeiture (CAF) is a longstanding and controversial legal process viewed on the one hand as a powerful tool for combating drug crimes and on the other hand as a violation of the rights of US citizens. Data used to support both…
In democracies like India, people are free to express their views and demands. Sometimes this causes situations of civil unrest such as protests, rallies, and marches. These events may be disruptive in nature and are often held without…
International taxation rules are outdated, allowing multinationals to shift profits to tax havens. This paper examines how tax reforms affect profit shifting and cross-country welfare. We propose a model that separates real economic profits…
Most studies on the labor market effects of immigration use repeated cross-sectional data to estimate the effects of immigration on regions. This paper shows that such regional effects are composites of effects that address fundamental…
Corruption is an endemic societal problem with profound implications in the development of nations. In combating this issue, cross-national evidence supporting the effectiveness of the rule of law seems at odds with poorly realized outcomes…
Over the past decade, millions of companies have filed for bankruptcy. This has been caused by a plethora of reasons, namely, high interest rates, heavy debts and government regulations. The effect of a company going bankrupt can be…
In many government applications we often find that information about entities, such as persons, are available in disparate data sources such as passports, driving licences, bank accounts, and income tax records. Similar scenarios are…