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《Corruption-and-firm-behavior-Evidence-from-African-ports_2014_Journal-of-International-Economics》由會(huì)員上傳分享,免費(fèi)在線閱讀,更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫(kù)。
1、JournalofInternationalEconomics94(2014)277–294ContentslistsavailableatScienceDirectJournalofInternationalEconomicsjournalhomepage:www.elsevier.com/locate/jieCorruptionand?rmbehavior:EvidencefromAfricanportsa,?,SimeonDjankovbSandraSequeiraaLSE,UnitedKingdombWorldBank,UnitedStatesarticleinfoab
2、stractArticlehistory:Thispaperinvestigateshowcorruptionaffects?rmbehavior.UsinganoriginalandunusuallyrichdatasetonReceived23September2013bribepaymentsatportsmatchedto?rm-leveldata,weobservehow?rmsadapttodifferenttypesofcorruptionReceivedinrevisedform16August2014byadjustingtheirtransportstrat
3、egies.Ourresultssuggestthat?rmsrespondtothepriceeffectsofcorruption,Accepted24August2014organizingproductioninawaythatincreasesordecreasesdemandforthepublicservice.Availableonline4September2014?2014ElsevierB.V.Allrightsreserved.JELclassi?cation:D22D73L91O12R41Keywords:CorruptionFirmbehaviorT
4、ransportPortsTradecosts1.IntroductionThisisaparticularlyimportantsettinggivenrenewedinterestinunder-standingthemicro-leveldriversoftradecosts(FrankelandRomer,Theimpactofcorruptiononeconomicactivityhasbeenextensively1999;LimaoandVenables,2001;ObstfeldandRogoff,2001;Anderson2debatedinthelitera
5、ture.Onelineofargumentisthatbribescancreatedi-andWincoop,2004).rectincentivesforbureaucratstoperform,orallowprivateagentstoTheimpactofcorruptionon?rm-leveltradecostsistheoreticallyovercomecumbersomeregulations.Inbothcases,corruptioncouldleadambiguous:corruptioncanincreasecostsifbribesincreas
6、ethe?naltoanimprovementintheoverallallocativeef?ciencyofpublicresourcespriceofclearingservices,orcorruptioncandecreasecostsifbribes(Leff,1964;Huntington,1968;Lui,1985).Asecondlineofargumentisallow?rmstoavoidsigni?cantclearingfeessuchastariffduties.Tothatbribesaremostlysetaccordingtothestrate
7、gicpreferencesofbu-shedlightonthisquestion,weexaminetheimpactofcorruptiononreaucrats,distortingprivateagents'decisionsanddecreasingallocative?rmbehaviorthatisdirectlyaffectedbychangesinmarginalpricesofef?ciency(Krueger,1974;Klitgaard1988;Shleiferan