Authors
Cusolito,Ana Paula, Fattal Jaef,Roberto N., Patino Pena,Fausto Andres, Singh,Akshat Vikram
- DOI
- https://dx.doi.org/10.1596/1813-9450-10929
- Disclosure Date
- 2024/09/25
- Disclosure Status
- Disclosed
- Doc Name
- The Financial Premium and Real Cost of Bureaucrats in Businesses
- Originating Unit
- Off of Sr VP Dev Econ/Chief Econ (DECVP)
- Pages
- 50
- Product Line
- Advisory Services & Analytics
- Published in
- United States of America
- Rel Proj ID
- 1W-Business Of The State -- P179118
- Series Name
- Policy Research working paper; PROSPERITY;
- TF No/Name
- TF0C0216-SOEs in high emitting sectors,TF0C0262-SOEs in high emitting sectors
- Unit Owning
- Prosperity-FCI-TIC-Mkts,Comp&Tec (ETIMT),EFI-LCR-MTI-MacroFiscal (ELCMU),DECRG: Macroeconomics & Growth (DECMG),Office of the Chief Economist (ECACE)
- Version Type
- Final
- Volume No
- 1
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