How does influence-peddling impact industrial competition? Evidence from enterprise surveys in Africa (anglais)

Prior research has emphasized that the high costs and risks arising from a poor investment climate-lack of clear property rights, macro-instability, the burden of regulation and taxation, poor infrastructure, lack of finance, and lack of human capital-have impeded the development of the private sector in sub-Saharan Africa, despite adoption of structural adjustment and liberalization policies. Given the resulting wide differentials in productivity...
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