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Corruption as a Barrier to Entry : Theory and Evidence
Campos, Nauro F. - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10013136941
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Corruption as a barrier to entry : theory and evidence
Campos, Nauro; Estrin, Saul; Proto, Eugenio - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First …, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less … studied feature of corruption, namely bribe unavoidability. Second, we argue that the social costs of corruption arise not …
Persistent link: https://www.econbiz.de/10009153607
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Optimal patronage
Drugov, Mikhail - 2015
Persistent link: https://www.econbiz.de/10010482951
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Mild Government Failure
Wei, Shang-jin; Xu, Jianhuan; Yin, Ge; Zhang, Xiaobo - National Bureau of Economic Research - 2023
A relatively mild form of government failure - for example, bureaucrats can count but do not differentiate quality - can significantly affect the efficacy of industrial policy. We investigate this idea in the context of China's largest pro-innovation industrial policy using a structural model....
Persistent link: https://www.econbiz.de/10014250195
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Product quality, informality, and child labour
Fotoniata, Eugenia; Moutos, Thomas - 2011
This paper studies the interactions between the structure of product demand, relative wages, and the allocation of economic activity across two sectors. The agrarian sector produces a homogeneous good and consists of informal firms employing adults and children. The modern sector produces a...
Persistent link: https://www.econbiz.de/10009240781
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Technological progress with segmented factor markets and welfare implications for the urban poor
Mukherjee, Soumyatanu; Zafar, Sameen - 2015
Motivated by a set of stylised facts based on provincial data for India, this paper investigates the incidence of urban poverty by modelling the impact of technological progress in the formal sectors of the economy on the urban informal wage in a four-sector general equilibrium framework with...
Persistent link: https://www.econbiz.de/10010490249
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Formality, informality, and social welfare
Bennett, John (contributor) - 2008
An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which...
Persistent link: https://www.econbiz.de/10003724143
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Labour Market Reform, Welfare and Urban Unemployment in a Small Open Economy
Chaudhuri, Sarbajit - 2014
The paper examines the aptness of labour market reform in a developing country using a three-sector Harris-Todaro model with agricultural dualism and a non-traded final commodity. The paper, contrary to the common belief, finds that liberalization in the labour market may be desirable from the...
Persistent link: https://www.econbiz.de/10012709649
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Welfare Gains from Financial Liberalization
Townsend, Robert M. - 2010
Financial liberalization has been a controversial issue, as empirical evidence for growth enhancing effects is mixed. Here, we find sizable welfare gains from liberalization (cost to repression), though the gain in economic growth is ambiguous. We take the view that financial liberalization is a...
Persistent link: https://www.econbiz.de/10013148564
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Heterogeneous Firms and Informality : The Effects of Trade Liberalization on Labor Markets
Becker, Dennis - 2014
The informal sector is often seen as a coping mechanism for firms that choose to evade registration fees or pay low wages. In this paper, I investigate the role of the informal sector in the impact of trade liberalization on welfare, employment and wage inequality in a model of trade with...
Persistent link: https://www.econbiz.de/10013061792