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Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam

Bai, Jie - 2013

Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross …-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We … results suggest that as poor countries grow, corruption could subside "on its own,'' and they demonstrate one type of positive …

Persistent link: https://www.econbiz.de/10012459179

Why is Fiscal Policy Often Procyclical?

Alesina, Alberto - 2005

Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...

Persistent link: https://www.econbiz.de/10012467077

Informal Fiscal Systems in Developing Countries

Aman-Rana, Shan; Minaudier, Clement; Sukhtankar, Sandip - National Bureau of Economic Research - 2023

arise when monitoring corruption is difficult relative to monitoring the provision of public services, and politically …-important groups of citizens do not bear the full cost of corruption. The existence of such systems can distort the effective incidence … of the tax burden, reduce the incentives of government to fight corruption, and legitimize bribe-taking …

Persistent link: https://www.econbiz.de/10014421219

A Theory of Growth and Volatility at the Aggregate and Firm Level

Comin, Diego - 2005

This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...

Persistent link: https://www.econbiz.de/10012467175

Financial Constraints and Growth : Multinational and Local Firm Responses to Currency Crises

Desai, Mihir A. - 2004

This paper studies the effects of financial constraints on firm growth by investigating if large depreciations differentially impact multinational affiliates and local firms in emerging markets. U.S. multinational affiliates increase sales, assets and investment significantly more than local...

Persistent link: https://www.econbiz.de/10012468148

How Exporters Grow

Fitzgerald, Doireann - 2016

We document how export quantities and prices evolve after entry to a market. Controlling for marginal cost, and taking account of selection on idiosyncratic demand, there are economically and statistically significant dynamics of quantities, but no dynamics of prices. To match these facts, we...

Persistent link: https://www.econbiz.de/10012456737

Lack of Selection and Limits to Delegation : Firm Dynamics in Developing Countries

Akcigit, Ufuk - 2016

Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and instead recruit among family members, the pattern is quite the opposite for firms in rich countries. In this paper, we ask whether these differences in managerial delegation have...

Persistent link: https://www.econbiz.de/10012456767

The Analytics of Investment, q, and Cash Flow

Abel, Andrew B. - 2015

In this paper I analyze the relationships among investment, q, and cash flow in a tractable stochastic model in which marginal q and average q are identically equal. After analyzing the impact of changes in the distribution of the marginal operating profit of capital, I extend the model to...

Persistent link: https://www.econbiz.de/10012457120

Internal versus External Growth in Industries with Scale Economies : A Computational Model of Optimal Merger Policy

Mermelstein, Ben - 2014

We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in building capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers according...

Persistent link: https://www.econbiz.de/10012458613

Labor Market Frictions, Firm Growth, and International Trade

Fajgelbaum, Pablo D. - 2013

This paper develops a model to study the aggregate effects of labor market frictions in a small open economy where firms grow slowly and make fixed export investments. The model features interactions between dynamic investments in exporting and search frictions with job-to- job mobility. A...

Persistent link: https://www.econbiz.de/10012459170