In addition, we document that crony firms indeed benefited from policy privileges not enjoyed by other firms across a wide range of regulatory and fiscal domains: subsidies, trade protection, access to land, and biased regulatory enforcement.
Pyramid Capitalism: Cronyism, Regulation, and Firm Productivity …
Crony entry skewed the distribution of employment toward smaller, less productive firms; crony firms did not enter into sectors that would have also grown more slowly even in the absence of crony entry; and they enjoyed multiple regulatory and fiscal privileges that reduced competition and investments by non-crony firms, including trade ...
Crony entry into new, modern and previously unconnected sectors slows aggregate employment growth and skews the distribution of employment towards less productive smaller firms.
Pyramid capitalism: Cronyism, regulation, and firm productivity in ...
Nov 14, 2018 · We present novel evidence suggesting that cronyism had a negative effect on economic growth in Egypt, during a period when international organizations praised the country for its reforms of business regulation. We identify 385 politically connected firms under the Mubarak regime.
We present novel evidence suggesting that cronyism had a negative effect on economic growth in Egypt, during a period when international organizations praised the country for its reforms of...
Pyramid Capitalism: Cronyism, Regulation, and Firm Productivity …
Using an original database of 469 politically connected firms under the Mubarak regime in Egypt, we explore the economic effects of cronyism. Previous research has shown that cronyism is lucrative. We address numerous questions raised by this research. First, do crony firms receive favorable regulatory treatment?
(PDF) Pyramid capitalism: Cronyism, regulation, and firm …
Jan 1, 2020 · We present novel evidence suggesting that cronyism had a negative effect on economic growth in Egypt, during a period when international organizations praised the country for its reforms of...
Pyramid capitalism: Cronyism, regulation, and firm productiv
We present novel evidence suggesting that cronyism had a negative effect on economic growth in Egypt, during a period when international organizations praised the country for its reforms of business regulation. We identify 385 politically connected firms under the Mubarak regime.
Pyramid Capitalism: Cronyism, Regulation, and Firm Productivity …
Pyramid Capitalism: Cronyism, Regulation, and Firm Productivity in Egypt. Ishac Diwan, March 2015, Paper. "Using an original database of 469 politically connected firms under the Mubarak regime in Egypt, we explore the economic effects of cronyism.
Pyramid Capitalism: Cronyism, Regulation, and Firm Productivity …
Do crony firms hurt aggregate growth? We identify the growth effects of the entry of politically connected firms by comparing detailed 4-digit sectors where they entered, between 1996 and 2006, and sectors that remained unconnected.