Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w16001 |
来源ID | Working Paper 16001 |
Deals versus Rules: Policy Implementation Uncertainty and Why Firms Hate It | |
Mary Hallward-Driemeier; Gita Khun-Jush; Lant Pritchett | |
发表日期 | 2010-05-20 |
出版年 | 2010 |
语种 | 英语 |
摘要 | Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and characteristics (e.g. political connections). Using Enterprise Survey data we demonstrate huge variability in reported policy actions across firms notionally facing the same policy. The within-country dispersion in firm-specific policy actions is larger than the cross-national differences in average policy. We show that variability in this policy implementation uncertainty within location-sector-size cells is correlated with firm growth rates. These measures of implementation variability are more strongly related to lower firm employment growth than are measures of "average" policy action. Finally, we show that the de jure measures such as Doing Business indicators are virtually uncorrelated with ex-post firm-level responses, further evidence that deals rather than rules prevail in Africa. Strikingly, the gap between de jure and de facto conditions grows with the formal regulatory burden. The evidence also shows more burdensome processes open up more space for making deals; firms may not incur the official costs of compliance, but they still pay to avoid them. Finally, measures of institutional capacity and better governance are closely associated with perceived consistency in implementation. |
主题 | Microeconomics ; Economics of Information ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand ; Other ; Law and Economics ; Development and Growth ; Development |
URL | https://www.nber.org/papers/w16001 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573675 |
推荐引用方式 GB/T 7714 | Mary Hallward-Driemeier,Gita Khun-Jush,Lant Pritchett. Deals versus Rules: Policy Implementation Uncertainty and Why Firms Hate It. 2010. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w16001.pdf(385KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。