Showing 1 - 10 of 1,179
The paper discusses some channels through which corruption affects growth such as the impact of corruption on … enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …
Persistent link: https://www.econbiz.de/10014403515
We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the Global Financial Crisis. The TFP growth of smaller firms was more adversely affected and diverged from their larger counterparts after the crisis. The impact was progressively...
Persistent link: https://www.econbiz.de/10012487176
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with … shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower … corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …
Persistent link: https://www.econbiz.de/10014401205
This paper examines the variation in life cycle growth across the universe of Mexican firms. We establish two stylized facts to motivate our analysis: first, we show that firm size matters for development by illustrating a close correlation with state-level per capita incomes. Second, we show...
Persistent link: https://www.econbiz.de/10012102218
We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries
Persistent link: https://www.econbiz.de/10012170119
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10014395704
corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating … corruption in the region could be associated with large growth dividends in the long run. While the process would take …
Persistent link: https://www.econbiz.de/10012001456
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and...
Persistent link: https://www.econbiz.de/10014403854
factor in determining a country’s level of corruption. In a simple growth model, we illustrate the interrelationships between … natural resources, corruption, and economic growth, and discuss potential anti-corruption policies. We show that the extent of … corruption depends on natural resource abundance, government policies, and the concentration of bureaucratic power. Furthermore …
Persistent link: https://www.econbiz.de/10014400293
Corruption is attracting a lot of attention around the world. The paper surveys and discusses issues related to the … causes, consequences, and scope of corruption and possible corrective actions. It emphasizes the costs of corruption in terms … of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from …
Persistent link: https://www.econbiz.de/10014400769