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This paper considers the effect of corruption on the effciency of capital investment. Using firm-level level data from …
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(corruption, a poor policy environment and Dutch disease effects) are all symptoms of the destabilizing impact of rent streams on …This paper conceptualises foreign aid as a geopolitical form of rent in order to help distinguish the conditions under … resource rent and contrived (i.e., government monopoly) rent the property of being a large revenue stream that is detached from …
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The current research on entrepreneurship as an economic phenomenon often assumes its desirability as a driver of economic development and growth. However, entrepreneurial talent can be allocated among productive, unproductive, and destructive activities. This process is theorized as driven by...
Persistent link: https://www.econbiz.de/10008469780
In the 1990s, analysts were almost unanimous in considering Benin to be one of the most important aid recipients among the newly democratizing African countries. After more than two decades of democratic practice, the country has clearly completed the pha
Persistent link: https://www.econbiz.de/10010854502
We provide a theory of political clientelism, which explains sources and determinants of political clientelism, the relationship between clientelism and elite capture, and their respective consequences for allocation of public services, welfare, and empir
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