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Regular version of the site

Research Seminar by Elena Paltseva (Stockholm School of Economics)

Event ended
On Thursday, November 26 at 3.00 pm  International College of Economics and Finance will hold the Research Seminar.
Speaker: Elena Paltseva (Stockholm School of Economics)
Theme: "Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts" joint with Jorgen Juel Andersen, Niels Johannesen and David Dreyer Lassen

On
Thursday, November 26 at 3.30 pm  International College of Economics and Finance will hold the Research Seminar.
Speaker: Elena Paltseva (Stockholm School of Economics)
Theme: "Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts" joint with Jorgen Juel Andersen, Niels Johannesen and David Dreyer Lassen
Venue: Shabolovka st., 26, room 5408

Abstract: Do political institutions limit rent-seeking by politicians? We study the transformation of petroleum rents, almost universally under direct government control, into hidden wealth using unique data on bank deposits in offshore financial centers known to offer secrecy and asset protection to foreign customers. We find that plausibly exogenous shocks to petroleum income are associated with increases in hidden wealth, but only when institutional checks and balances are weak. We find only very limited evidence that shocks to other types of income not directly controlled by governments affect hidden wealth.

Everyone interested is welcome to attend!

Pass can be ordered by:
Phone: (495)772-95-90*26090
e-mail: vzheleznov@hse.ru
contact: Zheleznov Slava 


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