کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5066274 1476770 2017 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Property rights, extortion and the misallocation of talent
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Property rights, extortion and the misallocation of talent
چکیده انگلیسی

Extortion is a severe obstacle to doing business in many countries, varying both in its frequency and magnitude across establishments. This paper presents a model of extortion to account for these features and assess its quantitative effects. In the model, entrepreneur capital is subject to extortion which affects the extensive and intensive margins of entrepreneurship. Extortion rates are endogenous and hump-shaped across entrepreneurs despite common property rights. The quantitative analysis is guided by micro-level evidence related to extortion in Poland and yields a number of implications broadly consistent with establishment-level facts in developing economies. For measures of property rights within a plausible range, output losses can be upwards of 10 percent.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 98, September 2017, Pages 86-110
نویسندگان
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