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Type: Artigo de Periódico
Title: Corruption, bureaucracy and other institutional failures: the “cancer” of innovation and development
Authors: Rocha, Leonardo Andrade
Poz, Maria Ester Soares Dal
Lima, Patrícia Verônica Pinheiro Sales
Khan, Ahmad Saeed
Silva, Napiê Galvê Araújo‏
Keywords: Pesquisa e desenvolvimento;Empresas - Corrupção;Burocracia;Corruption;Bureaucracy
Issue Date: 2019
Publisher: Economics Bulletin
Citation: ROCHA, Leonardo Andrade; POZ, Maria Ester Soares Dal; LIMA, Patrícia Verônica Pinheiro Sales; KHAN, Ahmad Saeed; SILVA, Napiê Galvê Araújo. Corruption, bureaucracy and other institutional failures: the “cancer” of innovation and development. Economics Bulletin, v. 39, n. 3, p. 1740-1754, jul. 2019.
Abstract: 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.
ISSN: 1545-2921
Access Rights: Acesso Aberto
Appears in Collections:DEA - Artigos publicados em revista científica

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