Craig A. Depken

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The authors wish to thank Melissa Lind, Thirapan Gulyanamitta and Onur Kececigil for their assistance in gathering the data used in this study. Sam Allgood, Mike Ward, participants at the 2001 Southern Economic Association annual meetings, and two anonymous referees are acknowledged for helpful comments on earlier versions of this manuscript. Any remaining(More)
We estimate the impact of corruption on a country's creditworthiness. Corruption affects creditworthiness through its impact on the size of the formal sector of an economy. We find that creditworthiness, as measured by sovereign credit ratings, is decreasing in corruption. It follows from our benchmark estimates that a one standard deviation decrease in(More)
We estimate the demand for colleges in the United States by relating new applications to easily conrmable characteristics of the schools in the sample. We nd that the demand for 1134 U.S. colleges in 1994 is positively related to out-of-state tuition but inversely related to in-state tuition. Further, we nd those who apply to private schools are more price(More)