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better than controls in terms of sales and employment but not of productivity. The results are confirmed when we instrument …
Persistent link: https://www.econbiz.de/10012063531
In March 2008, Malaysia’s political landscape was shaken by election results showing that the Barisan Nasional had won less than two thirds of the parliamentary seats and lost five states to the opposition. A two-thirds supermajority had been seen as a sacred threshold for the coalition to...
Persistent link: https://www.econbiz.de/10010739446
Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...
Persistent link: https://www.econbiz.de/10011544875
Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...
Persistent link: https://www.econbiz.de/10011786377
,000 manufacturing enterprises, we find that the productivity of firms in the regions most supportive of Viktor Yushchenko increased by … context of weak institutions can have substantial distributional effects that are reflected in economic productivity. …
Persistent link: https://www.econbiz.de/10010410297
' productivity and technology transfer. We ask the following research questions: First, what is the nature of the relationship … between political connection and productivity, and does this relationship explain firms' productivity and innovation efforts … negative effects on their total factor productivity and research and development expenditure from their political connections …
Persistent link: https://www.econbiz.de/10014251001
We use exogenous changes in Danish local municipality sizes to identify a large positive effect of political power on the profitability of firms related by family to local politicians. Our difference-in-differences estimate is consistent with a unitary elasticity of connected firms’...
Persistent link: https://www.econbiz.de/10010702364
As Suharto’s authoritarian regime came to an end in 1998, the country’s business elite faced new challenges. While rent seeking had previously primarily taken place through direct relationships with and concessions from Suharto, the business elite in contemporary Indonesia operates in a...
Persistent link: https://www.econbiz.de/10011099543
profitability and productivity, along with higher leverage and employment. Notably, the relationship between state suppliers and …
Persistent link: https://www.econbiz.de/10015051827
profitability and productivity, along with higher leverage and employment. Notably, the relationship between state suppliers and …
Persistent link: https://www.econbiz.de/10014635316