Publication:
All in the Family : State Capture in Tunisia

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dc.contributor.authorNucifora, Antonio
dc.contributor.authorRijkers, Bob
dc.contributor.authorFreund, Caroline
dc.date.accessioned2014-04-10T19:52:23Z
dc.date.available2014-04-10T19:52:23Z
dc.date.issued2014-03
dc.description.abstractThis paper examines the relationship between regulation and the business interests of President Ben Ali and his family, using firm-level data from Tunisia for 1994-2010. Data on investment regulations are merged with balance sheet and firm-level census data in which 220 firms owned by the Ben Ali family are identified. These connected firms outperform their competitors in terms of employment, output, market share, profits, and growth and sectors in which they are active are disproportionately subject to authorization requirements and restriction on foreign direct investment. Consistent with theories of capture, performance differences between connected firms and their peers are significantly larger in highly regulated sectors. In addition, the introduction of new foreign direct investment restrictions and authorization requirements in narrowly defined five-digit sectors is correlated with the presence of connected firms and with their startup, suggesting that regulation is endogenous to state capture. The evidence implies that Tunisia's industrial policy was used as a vehicle for rent creation for the president and his family.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/03/19291754/all-family-state-capture-tunisia
dc.identifier.doi10.1596/1813-9450-6810
dc.identifier.urihttps://hdl.handle.net/10986/17726
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6810
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectAIR
dc.subjectAIR TRANSPORT
dc.subjectAIRLINE INDUSTRY
dc.subjectAUTHORIZATION REQUIREMENT
dc.subjectAUTHORIZATION REQUIREMENTS
dc.subjectAUTOMOBILE
dc.subjectAUTOMOBILES
dc.subjectBAILOUTS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEET INFORMATION
dc.subjectBANK ACCOUNTS
dc.subjectBANK POLICY
dc.subjectBARRIERS TO ENTRY
dc.subjectBUSINESS COMMUNITY
dc.subjectBUSINESS REGULATIONS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL INTENSITY
dc.subjectCAPITAL STOCK
dc.subjectCAR
dc.subjectCARS
dc.subjectCHECKS
dc.subjectCOMPANY
dc.subjectCOMPETITORS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIVIDEND
dc.subjectDRIVING
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMIC PERFORMANCE
dc.subjectEMPLOYMENT
dc.subjectENTREPRENEURS
dc.subjectENTREPRENEURSHIP
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectEQUIPMENT
dc.subjectFACE VALUE
dc.subjectFINANCIAL SERVICES
dc.subjectFIRM PERFORMANCE
dc.subjectFIRM SIZE
dc.subjectFIRMS
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN FUNDS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN OWNERSHIP
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGROWTH RATES
dc.subjectINCOME
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSPORT
dc.subjectINVESTMENT CODE
dc.subjectINVESTMENT INCENTIVES
dc.subjectINVESTMENT POLICIES
dc.subjectINVESTMENT POLICY
dc.subjectINVESTMENT PROMOTION
dc.subjectINVESTMENT REGULATION
dc.subjectINVESTMENT REGULATIONS
dc.subjectINVESTMENT RESTRICTIONS
dc.subjectIPO
dc.subjectLEVEL PLAYING FIELD
dc.subjectLICENSING
dc.subjectMARITIME TRANSPORT
dc.subjectMARKET ACCESS
dc.subjectMARKET CONCENTRATION
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET PLAYERS
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMARKET STRUCTURE
dc.subjectMARKET VALUE
dc.subjectMINISTRY OF TRANSPORT
dc.subjectMONETARY FUND
dc.subjectMONEY LAUNDERING
dc.subjectMONOPOLY
dc.subjectOUTPUT
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPOSITIVE COEFFICIENT
dc.subjectPREFERENTIAL ACCESS
dc.subjectPRIVATE SCHOOL
dc.subjectPROFIT MARGINS
dc.subjectPROFITABILITY
dc.subjectRAILROAD
dc.subjectRAILWAY
dc.subjectRAPID GROWTH
dc.subjectREAL ESTATE
dc.subjectREGISTRATION REQUIREMENTS
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREGULATORY RESTRICTIONS
dc.subjectRENTS
dc.subjectRESTRICTIONS ON ENTRY
dc.subjectROAD TRANSPORT
dc.subjectROADS
dc.subjectRULE OF LAW
dc.subjectSME
dc.subjectSME DEVELOPMENT
dc.subjectSTARTUP
dc.subjectSTATE CAPTURE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSTOCK PORTFOLIOS
dc.subjectTAX
dc.subjectTAX BREAKS
dc.subjectTAX DEFERRALS
dc.subjectTAX RATES
dc.subjectTAX REGIME
dc.subjectTAXATION
dc.subjectTAXIS
dc.subjectTELECOMMUNICATIONS
dc.subjectTRANSFER OF OWNERSHIP
dc.subjectTRANSPORTS
dc.subjectTRUE
dc.subjectTURNOVER
dc.subjectVEHICLE
dc.subjectWAREHOUSES
dc.subjectWEALTH
dc.titleAll in the Family : State Capture in Tunisiaen
dspace.entity.typePublication
okr.crossref.titleAll in the Family: State Capture in Tunisia
okr.date.disclosure2014-03-01
okr.date.doiregistration2025-04-10T11:35:01.300043Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/03/19291754/all-family-state-capture-tunisia
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid440461468173649062
okr.identifier.doi10.1596/1813-9450-6810
okr.identifier.externaldocumentum090224b084525420_2_0
okr.identifier.internaldocumentum19291754
okr.identifier.reportWPS6810
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/03/25/000158349_20140325092905/Rendered/PDF/WPS6810.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryTunisia
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicTransport Economics Policy and Planning
okr.topicTransport
okr.unitPoverty Reduction and Economic Management Unit and Office of the Chief Econmist, Middle East and Northern Africa Region; and Trade and International Integration Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublicatione2023549-6161-5735-a342-0381b2b7571a
relation.isAuthorOfPublication65ba4a02-ba22-5c96-8e04-6b9356d619e0
relation.isAuthorOfPublication.latestForDiscoverye2023549-6161-5735-a342-0381b2b7571a
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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