Does 'Grease Money' Speed Up the Wheels of Commerce? / Daniel Kaufmann, Shang-Jin Wei.
In a general equilibrium in which bribe-extracting bureaucrats can endogenously choose regulatory burden and delay, the effective (not just nominal) red tape and bribery can be positively correlated across firms. Using data from three worldwide firm surveys, this paper finds evidence consistent with...
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Full Text (via IMF e-Library) |
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| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Series: | IMF working paper ;
WP/2000/064. |
| Subjects: |
MARC
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| 245 | 1 | 0 | |a Does 'Grease Money' Speed Up the Wheels of Commerce? / |c Daniel Kaufmann, Shang-Jin Wei. |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2000. | |
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| 520 | 3 | |a In a general equilibrium in which bribe-extracting bureaucrats can endogenously choose regulatory burden and delay, the effective (not just nominal) red tape and bribery can be positively correlated across firms. Using data from three worldwide firm surveys, this paper finds evidence consistent with this hypothesis. Firms that pay more in bribes are also likely to spend more, not less, management time with bureaucrats in negotiating regulations. They also face a higher, not lower, cost of capital. | |
| 588 | |a Description based on print version record. | ||
| 650 | 7 | |a Bribery Firm |2 imf. | |
| 650 | 7 | |a Firm |2 imf. | |
| 650 | 7 | |a Firms Face |2 imf. | |
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| 651 | 7 | |a United States |2 imf. | |
| 700 | 1 | |a Wei, Shang-Jin. | |
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| 830 | 0 | |a IMF working paper ; |v WP/2000/064. | |
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