Found 2 article(s) for author 'Studies'

What Do State-Owned Development Banks Do? Evidence from BNDES, 2002-09

What Do State-Owned Development Banks Do? Evidence from BNDES, 2002-09. Aldo Musacchio, February 2015, Paper. “Defendants of state-owned development banks emphasize their role in reducing capital constraints and fostering productive investment; detractors point out that they may benefit politically connected capitalists or bail out inefficient firms. We study the effect of loans and equity investments of the Brazilian National Development Bank (BNDES) and find that they do not have any consistent effect on firm-level performance and investment, except for a reduction in...” May require purchase or user account. Link

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Decentralization in Developing Economies

Decentralization in Developing Economies. Monica Singhal, 2014, Paper. “Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has been a recent push toward decentralization around the world. However, developing countries presently still have less decentralization, particularly on the revenue side, than both developed countries today and the United States and Europe historically. We consider how the trade-offs associated with fiscal federalism apply in developing countries…” May require purchase or user account. Link

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