Showing 1 - 10 of 57
We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...
Persistent link: https://www.econbiz.de/10010667501
The economies of the former Soviet Bloc experienced large declines in output during the decade of transition which … deflators provide a poor proxy for the change in real living standards in transition economies. This paper uses the Engel curve … the transition period and to provide an estimate of how much the officialRussian CPI has overstated consumer inflation. We …
Persistent link: https://www.econbiz.de/10005634953
The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous "Great Depression" of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...
Persistent link: https://www.econbiz.de/10011807202
affected by quality of governance - in particular by the presence of high-grade institutions delivering services enhancing …-level data from the World Bank's World Business Environment Surveys.<p> …
Persistent link: https://www.econbiz.de/10004998804
institutions where an autocratic post-colonial ruler faces a basic trade-off between stronger property rights, which increases his … modern sector will rationally install weak institutions of private property, a prediction which we argue is well in line with …
Persistent link: https://www.econbiz.de/10005651676
We offer a theory that sheds light on the current debate over whether the form of corporate ownership converges to the Berle-Means image. Our analytical results are threefold. First, legal rules and firm-specific protective arrangements are complementary. Secondly, corporate ownership patterns...
Persistent link: https://www.econbiz.de/10005634973
The anti-corruption reform in the Tanzanian tax bureaucracy in the mid-1990s was apparently a short-lived success. In the wake of the reform, a number of “tax experts” established themselves in the market, many of them being laid off tax bureaucrats. We argue that middle-men can undermine...
Persistent link: https://www.econbiz.de/10008919570
Access to external finance for small and medium enterprises is vital for survival and growth of such firms. In this paper we have analyzed the determinants of access to credit in microenterprises of Turkey. We use a unique dataset covering a large sample of microenterprises. We find that size...
Persistent link: https://www.econbiz.de/10011807198
We model the organizational choice of a small firm given formal and informal credit market parameters. We observe a positive relationship between the size of the informal sector and the spread across countries. We take spread as relative inefficiency of the formal credit markets. Furthermore we...
Persistent link: https://www.econbiz.de/10011807201
self-employed households in Korea and 47 percent of the income of Russian self-employed households is not reported. …
Persistent link: https://www.econbiz.de/10005169971