Coco, Giuseppe; Lagravinese, Raffaele - In: Economic Modelling 38 (2014) C, pp. 443-450
Recent research suggests that some countries may be unable to use productively their schooling output because of the scope of cronyism or corruption. We investigate further and demonstrate that, in a stylised model, cronyism in the labour market, (e.g. the ability to exert influence to gain high...