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Kleptocracy and Divide-and-Rule : A Model of Personal Rule
Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2021
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10013240570
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The Performance of Performance Standards
Heckman, James J.; Heinrich, Carolyn; Smith, Jeffrey A. - 2021
This paper examines the performance of the JTPA performance system, a widely emulated model for inducing efficiency in government organizations. We present a model of how performance incentives may distort bureaucratic decisions. We define cream skimming within the model. Two major empirical...
Persistent link: https://www.econbiz.de/10013248386
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Lack of Selection and Limits to Delegation : Firm Dynamics in Developing Countries
Akcigit, Ufuk - 2016
. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income … differences between the U.S. and India in steady state. We also show that such inefficient delegation possibilities reduce the …
Persistent link: https://www.econbiz.de/10013000531
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Firm-Specific Information and the Efficiency of Investment
Chari, Anusha - 2006
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012780226
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Educational Choice, Rural-Urban Migration and Economic Development
Liao, Pei-Ju - 2017
Observing rapid structural transformation accompanied by a continual process of rural to urban migration in many developing countries, we construct a micro founded dynamic framework to explore how important education-based migration is, as opposed to work-based migration, for economic...
Persistent link: https://www.econbiz.de/10012945602
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Consistent Trade Policy Aggregation
Anderson, James E. - 2008
-country policy modeling. An application to India shows that the standard atheoretic method of aggregation overstates India's real …
Persistent link: https://www.econbiz.de/10012771785
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Gossip : Identifying Central Individuals in a Social Network
Banerjee, Abhijit V. - 2014
Can we identify the members of a community who are best- placed to diffuse information simply by asking a random sample of individuals? We show that boundedly-rational individuals can, simply by tracking sources of gossip, identify those who are most central in a network according to "diffusion...
Persistent link: https://www.econbiz.de/10013048053
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On the Measure of Distortions
Hopenhayn, Hugo A. - 2014
Abstract The paper considers formally the mapping from distortions in the allocations of resources across firms to aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment-weighted measure of distortions. Size related...
Persistent link: https://www.econbiz.de/10013048598
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Information, Misallocation and Aggregate Productivity
David, Joel - 2014
US, China, and India reveals substantial losses in productivity and output due to the informational friction. Our … estimates for these losses range from 7-10% for productivity and 10-14% for output in China and India, and are smaller, though …
Persistent link: https://www.econbiz.de/10013050140
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Inconsistent Policy Evaluation : A Case Study for a Large Workfare Program
Alik-Lagrange, Arthur - 2015
. A case study for India's massive National Rural Employment Guarantee Scheme indicates lower impacts on poverty than …
Persistent link: https://www.econbiz.de/10013025789