2019年6月11日火曜日

【イノベーションフォーラム】2019.7.4 Ishtiaq Pasha Mahmood

イノベーションフォーラムのお知らせ 2019年7月4日

論題:
“Corruption, Local Knowledge, and Firm Productivity: Evidence from an Emerging
  Economy

講演者:
Ishtiaq Pasha Mahmood
(Professor, National University of Singapore)

言語:英語

日時:
2019年7月4日 (木) 16:00~17:30

開催場所:
一橋大学イノベーション研究センター2階・第2 IIRラボ
(Room #219) 

要旨:
An understanding of how corruption affects firm productivity is critical for identifying the microeconomic linkages by which macro institutions shape economic development.
Despite a growing consensus that corruption impedes growth, the coincidence of exceptional growth records and thriving corruption cultures in many emerging economies remains a puzzle. Our goal is to theoretically analyse the effect of corruption on firm productivity and empirically test it with a cleaner identification strategy. Using a sample of Indonesian manufacturing firms and exploiting a combination of the fall of Suharto and the establishment of the anti-corruption body KPK as an exogenous shock to corruption costs, we find strong evidence to support our theory. While corruption hurts productivity, access to local knowledge helps absorb the negative impacts of corruption; intriguingly, both effects depend on the nature of political regime.
 
幹事:
軽部 大