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Hold Your Nose and Vote; Why Do Some Democracies tolerate Corruption?
Pani, Marco - International Monetary Fund (IMF) - 2009
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result …, the paper analyzes how corruption distortsthe allocation of resources between public and private expenditure, altering the … citizens can indirectly benefit from corruption. The paper shows that, under this condition, if the citizens anticipate a shift …
Persistent link: https://www.econbiz.de/10004999974
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What Transparency Can Do When Incentives Fail : An Analysis of Rent Capture
Paul, Elisabeth - 2006
Persistent link: https://www.econbiz.de/10013042568
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Size Distribution of Firms, Cournot, and Optimal Taxation.
Gersovitz, Mark - 2006
Intro -- Contents -- I. INTRODUCTION -- II. ASYMMETRIC OLIGOPOLISTS IN AN UNTAXED ECONOMY -- III. ASYMMETRIC OLIGOPOLISTS AND THE SPECIFIC SALES TAX -- IV. ASYMMETRIC OLIGOPOLISTS AND THE AD VALOREM SALES TAX -- V. ASYMMETRIC OLIGOPOLISTS AND THE HYBRID PROFITS TAX -- VI. ASYMMETRIC OLIGOPOLISTS...
Persistent link: https://www.econbiz.de/10012691154
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What Causes Firms to Hide Output? the Determinants of Informality
Inchauste, Gabriela; Gradstein, Mark; Dabla-Norris, Era - International Monetary Fund (IMF) - 2005
In many developing countries, a significant part of economic activity takes place in the informal sector. Earlier work has examined the determinants of the size of the informal sector, focusing separately on factors such as tax and regulation burden, financial market development, and the quality...
Persistent link: https://www.econbiz.de/10005769293
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Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia
Zalduendo, Juan - International Monetary Fund (IMF) - 2003
This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes...
Persistent link: https://www.econbiz.de/10005599589
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Are the French Happy with the 35-Hour Workweek?
Estevão, Marcello M.; Sa, Filipa - International Monetary Fund (IMF) - 2006
Legally mandated reductions in the workweek can be either a constraint on individuals' choice or a tool to coordinate individuals' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...
Persistent link: https://www.econbiz.de/10005599717
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Judicial System Reform in Italy - A Key to Growth
Esposito, Gianluca; Lanau, Sergi; Pompe, Sebastiaan - International Monetary Fund (IMF) - 2014
The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...
Persistent link: https://www.econbiz.de/10010790243
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What Role Can Financial Policies Play in Revitalizing SMEs in Japan?
Lam, Raphael W.; Shin, Jongsoon - International Monetary Fund (IMF) - 2012
The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit conditions have been accommodative, credit growth has remained weak, especially for small and medium-sized enterprises (SMEs). Firm-level SME data and sectoral corporate balance sheets...
Persistent link: https://www.econbiz.de/10010790387
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The Net Stable Funding Ratio: Impact and Issues for Consideration
Gobat, Jeanne; Yanase, Mamoru; Maloney, Joseph - International Monetary Fund (IMF) - 2014
As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public consultation with a plan of making the rule binding in 2018. This...
Persistent link: https://www.econbiz.de/10011142026
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Identifying Binding Constraints to Growth: Does Firm Size Matter?
Vargas, Mauricio - International Monetary Fund (IMF) - 2015
As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning...
Persistent link: https://www.econbiz.de/10011142074