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This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...
Persistent link: https://www.econbiz.de/10012482634
for private gain. We study the relationship between discretion and corruption in Italian government procurement auctions …, using a confidential database of firms and procurement officials investigated for corruption by Italian enforcement … associated with corruption only when conducted with fewer than the formally required number of bidders or employing discretionary …
Persistent link: https://www.econbiz.de/10012482428
We examine the correlation between gender and bureaucratic corruption using two distinct datasets, one from Italy and a … second from China. In each case, we find that women are far less likely to be investigated for corruption than men. In our … Italian data, female procurement officials are 34 percent less likely than men to be investigated for corruption by …
Persistent link: https://www.econbiz.de/10012482615
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...
Persistent link: https://www.econbiz.de/10012481075
Cartels participating in procurement auctions frequently use bid rotation or prioritize incumbents to allocate contracts. However, establishing a link between observed allocation patterns and firm conduct has been difficult: there are cost-based competitive explanations for such patterns. We...
Persistent link: https://www.econbiz.de/10012814400
government using randomized audits of public procurement in Brazil. On average, firms exposed by the anti-corruption program grow … details of thousands of corruption cases, through which we uncover a large heterogeneity in our firm-level effects depending … on the degree of involvement in corruption cases. Using investment-, loan-, and worker- level data, we show that the …
Persistent link: https://www.econbiz.de/10012814402
Because of a small direct negative effect on private spending, temporary variations in government purchases as in wartime, would have a strong positive effect on aggregate demand. Intertemporal substitution effects would direct work and production toward these periods where output was valued...
Persistent link: https://www.econbiz.de/10012478713
We analyze wartime prosthetic device patents to investigate how procurement policy affects the cost, quality, and quantity of medical innovation. Analyzing whether inventions emphasize cost and/or quality requires generating new data. We do this by first hand-coding the economic traits...
Persistent link: https://www.econbiz.de/10012479203
illustrate that organizational design and anti-corruption policies must balance agency issues at different levels of the …
Persistent link: https://www.econbiz.de/10012479257