Authors
Cusolito, Ana P., Fattal Jaef, Roberto N., Patiño Peña, Fausto, Singh, Akshat V.
- Citation
- “ Cusolito, Ana P. ; Fattal Jaef, Roberto N. ; Patiño Peña, Fausto ; Singh, Akshat V. . 2024 . The Financial Premium and Real Cost of Bureaucrats in Businesses . Policy Research Working Paper; 10929 . © Washington, DC: World Bank . http://hdl.handle.net/10986/42205 License: CC BY 3.0 IGO . ”
- Collection(s)
- Policy Research Working Papers
- DOI
- http://dx.doi.org/10.1596/1813-9450-10929
- Identifier externaldocumentum
- 34395038
- Identifier internaldocumentum
- 34395038
- Pages
- 50
- Published in
- United States of America
- RelationisPartofseries
- Policy Research Working Paper; 10929
- Report
- WPS10929
- Rights
- CC BY 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- https://creativecommons.org/licenses/by/3.0/igo/
- UNIT
- Prosperity-FCI-TIC-Mkts
- URI
- https://hdl.handle.net/10986/42205
- date disclosure
- 2024-09-26
- region geographical
- World
- theme
- Public Private Partnerships,Mitigation,Municipal Institution Building,Investment and Business Climate,Data Development and Capacity Building,State-owned Enterprise Reform and Privatization,Environment and Natural Resource Management,Private Sector Development,Regulation and Competition Policy,Public Sector Management,Climate change,Business Enabling Environment,Data production, accessibility and use,Public Administration
Files
Table of Contents
- Introduction 4
- Literature Review 9
- Model 12
- Efficient Allocation 15
- Data 16
- Empirical Strategy 20
- Empirical Results 22
- Productivity Gains from SOE Structural Reforms 26
- Productivity Gains: Dismantling all SOEs and Distorted Capital Markets 27
- Productivity Gains: Targeted SOE Reform and Distorted Capital Markets 29
- Productivity Gains: Targeted SOE Reform and Fixed Capital Markets 30
- Conclusion 31
- Historical Financial Data Cleaning Procedure 33
- Validation of Final Database 35
- Historical Ownership Data Cleaning Procedure 37
- Misallocation and Model Mis-specification 38
- Decomposition 39
- Controlling for Real Shocks 43