Adapting to Climate Change: An Integrated Biophysical and Economic Assessment for Mozambique
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Adapting to Climate Change : An Integrated Biophysical and Economic Assessment for Mozambique. / Arndt, Channing; Strzepek, Kenneth ; Tarp, Finn; Thurlow, James ; Fant, Charles ; Wright, Len.
Helsinki : UNU-WIDER, 2010.Research output: Working paper › Research
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TY - UNPB
T1 - Adapting to Climate Change
T2 - An Integrated Biophysical and Economic Assessment for Mozambique
AU - Arndt, Channing
AU - Strzepek, Kenneth
AU - Tarp, Finn
AU - Thurlow, James
AU - Fant, Charles
AU - Wright, Len
N1 - JEL classification: O55, Q54
PY - 2010
Y1 - 2010
N2 - This paper uses a unique panel dataset on firm-level corruption. It contains quantitative information on bribe payments by a sample of formal and informal Vietnamese firms. We show that bribe incidence is highly associated with firm-level differences in (i) visibility, (ii) sunk costs, (iii) ability to pay, and (iv) level of interaction with public officials. Moreover, when informal firms become formal the probability of paying bribes increases. Becoming formal is also associated with a revenue growth premium that is not driven by self-selection of well-performing firms. On average, this premium outweighs the additional bribe cost of formalization. Formalization embodies net benefits in spite of the growth hampering effects of bribes.
AB - This paper uses a unique panel dataset on firm-level corruption. It contains quantitative information on bribe payments by a sample of formal and informal Vietnamese firms. We show that bribe incidence is highly associated with firm-level differences in (i) visibility, (ii) sunk costs, (iii) ability to pay, and (iv) level of interaction with public officials. Moreover, when informal firms become formal the probability of paying bribes increases. Becoming formal is also associated with a revenue growth premium that is not driven by self-selection of well-performing firms. On average, this premium outweighs the additional bribe cost of formalization. Formalization embodies net benefits in spite of the growth hampering effects of bribes.
KW - Faculty of Social Sciences
KW - firm performance
KW - corruption
KW - Vietnam
M3 - Working paper
BT - Adapting to Climate Change
PB - UNU-WIDER
CY - Helsinki
ER -
ID: 33626731