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This paper offers a new theory of the corruption-shadow economy relationship: one that defines it as either collusive … – i.e., crony – or non-collusive. Using new estimates of state-level shadow economy size, and data on corruption … entrepreneurship scores from Wiseman and Young (2014). Findings suggest that corruption and shadow economy size are positively related …
Persistent link: https://www.econbiz.de/10013034061
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-disciplining effect of unemployment) and the contemporary theory of incomplete contracts (the role of monitoring and enforcement rents …
Persistent link: https://www.econbiz.de/10011527337
Baumol's theory of entrepreneurial allocation has been widely utilized and cited by management and entrepreneurship … theory, and (4) outlined the research gaps and future research opportunities. Our review shows that beyond Baumol's focus on …
Persistent link: https://www.econbiz.de/10011956814
Poorer countries have a much smaller public sector and correspondingly a smaller tax burden than richer countries, yet, their economic performance has not been necessarily better. Using a simple model, this paper suggests that the growth and welfare effects of taxation are mediated through...
Persistent link: https://www.econbiz.de/10003775837
Entrepreneurship is generally regarded as a force of change, innovation, and development in modern economies. Entrepreneurs bring new and better products to markets, restore allocative efficiency through arbitrage and reinvest their profits. However, it has been argued that the same energy and...
Persistent link: https://www.econbiz.de/10008661205
paper puts to rest some objections to labor surplus theory based on "red herrings" and then addresses the substantive …
Persistent link: https://www.econbiz.de/10009615061
Persistent link: https://www.econbiz.de/10001322321
This paper addresses the effects of the revolving door phenomenon on the inequality of influence among firms. It shows that firms are not equal in their capacities to benefit from state connections. We first develop a theoretical model introducing the notion of "bureaucratic capital" and showing...
Persistent link: https://www.econbiz.de/10011729453
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