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How should a policy-maker prioritize interventions to improve the public infrastructure with which firms operate and how large are the benefits from doing so likely to be? To address these questions we use survey data on the obstacles arising from poor quality public inputs that managers face in...
Persistent link: https://www.econbiz.de/10008468531
We use data from over 20,000 firms in 60 countries to identify constraints on the growth of firms. We interpret managers’ answers to survey questions on the extent to which various aspects of their external environment inhibit the performance of their firm as measuring the shadow cost of...
Persistent link: https://www.econbiz.de/10005124336
transition countries. These data have three main advantages. First, while in a market economy firms face widely divergent needs … agencies; and we collect data directly on various measures of innovative activity. Third, the fact that transition countries …
Persistent link: https://www.econbiz.de/10005067370
that at the end of planning, transition countries had substantially different endowments from their contemporaneous non-transition … transition in 2002-05, poor transition economies differ much more from their non-transition counterparts, in respect to both good … and bad aspects of the planning legacy, than do relatively rich transition countries. However, the persistent beneficial …
Persistent link: https://www.econbiz.de/10011083892
Politicians frequently undertake projects whose budgetary costs are disproportionate to the benefits they create for the voters or shareholders those decision-makers represent. When they are not the result of simple random mistakes, such wasteful projects are often attributed to weak mechanisms...
Persistent link: https://www.econbiz.de/10008468681