Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. This paper argues that often firms in Africa do not cope with policy rules, rather they face deals: firm-specific policy actions that can be influenced by firm actions (such as bribes) and characteristics (such as political connections). Using Enterprise Survey data, the paper demonstrates huge variability in reported policy actions across firms...
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DETALHES
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2010/05/01
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Documento de trabalho sobre pesquisa de políticas
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WPS5321
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1
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1
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2010/07/01
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Disclosed
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Deals versus rules : policy implementation uncertainty and why firms hate it
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world tax
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