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  • 标题:Corruption, bureaucracy and other institutional failures: the “cancer” of innovation and development
  • 本地全文:下载
  • 作者:Leonardo A. Rocha ; Maria Ester S. Dal Poz ; Patrícia V.P.S. Lima
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2019
  • 卷号:39
  • 期号:3
  • 页码:1-16
  • 出版社:Economics Bulletin
  • 摘要:This study analyzes the impact of corruption on the elasticity of R&D investments in sales per worker by firms. In this sense, it built a model of Schumpeterian growth using optimal control theory relating the effects of corruption on demand for R&D. The model results show that corruption negatively affects the R&D demand and long-term rate of technical progress. However, this cost attributes different 'weights' as firms approach the technological frontier. To empirically test this relationship, it was built partial order-฀ frontiers on a sample of 2,000 firms from 40 sectors and 46 countries. Interacting efficiency scores with the corruption index, the less-efficient firms are disadvantaged with corruption in relation to the frontier firms. This pattern is observed in the coefficient of elasticity of R&D investments indicating that corruption leads to different costs, 'favoring' the most efficient firms in relation to the most backward firms.
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