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Political Connections and Firms : Network Dimensions / Bussolo, Maurizio.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bussolo, Maurizio.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Bribery.
- Business Cycles and Stabilization Policies.
- Clientelism.
- Common Carriers Industry.
- Construction Industry.
- Corruption.
- De Facto Governments.
- Democratic Government.
- Economic Adjustment and Lending.
- Energy.
- Energy Privatization.
- Food and Beverage Industry.
- General Manufacturing.
- Governance.
- Industry.
- International Economics and Trade.
- International Trade and Trade Rules.
- Macroeconomics and Economic Growth.
- Patronage.
- Plastics and Rubber Industry.
- Political Networks.
- Politicians.
- Private Sector Development.
- Privatization.
- Public Sector Development.
- Pulp and Paper Industry.
- Rent Seeking.
- Taxation and Subsidies.
- Textiles Apparel and Leather Industry.
- Local Subjects:
- Bribery.
- Business Cycles and Stabilization Policies.
- Clientelism.
- Common Carriers Industry.
- Construction Industry.
- Corruption.
- De Facto Governments.
- Democratic Government.
- Economic Adjustment and Lending.
- Energy.
- Energy Privatization.
- Food and Beverage Industry.
- General Manufacturing.
- Governance.
- Industry.
- International Economics and Trade.
- International Trade and Trade Rules.
- Macroeconomics and Economic Growth.
- Patronage.
- Plastics and Rubber Industry.
- Political Networks.
- Politicians.
- Private Sector Development.
- Privatization.
- Public Sector Development.
- Pulp and Paper Industry.
- Rent Seeking.
- Taxation and Subsidies.
- Textiles Apparel and Leather Industry.
- Physical Description:
- 1 online resource (53 pages)
- Other Title:
- Political Connections and Firms
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Business and politicians' interaction is pervasive but has mostly been analyzed with a binary approach, id est either a firm is connected to a politician or not. Yet the network dimensions of such connections are ubiquitous. This paper uses use a unique data set for seven economies that documents politically exposed persons and their links to companies, political parties, and other individuals. The data set is used to identify networks of connections, including their scale and composition. The analysis finds that all country networks are integrated having a Big Island. They also tend to be marked by small-world properties of high clustering and short path length. Matching the data to firm-level information, the paper examines the association between being connected and firm-level attributes. The originality of the analysis is to identify how location in a network, including the extent of ties and centrality, is correlated with firm scale and performance. In a binary approach, such network characteristics are omitted and the scale and economic impact of politically connected business may be significantly mis/under-estimated. By comparing the results of the binary approach with the network approach, the paper also assesses the biases that result from ignoring network attributes.
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