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policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …
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The misallocation of government resources to the politically connected is considered to impose substantial economic costs. We document that resource misallocation to the politically connected extends to resources allocated by private sector firms. Following the presidential election in 2007,...
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