Publication:
All in the Family : State Capture in Tunisia

dc.contributor.author Rijkers, Bob
dc.contributor.author Freund, Caroline
dc.contributor.author Nucifora, Antonio
dc.date.accessioned 2014-04-10T19:52:23Z
dc.date.available 2014-04-10T19:52:23Z
dc.date.issued 2014-03
dc.description.abstract This 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.identifier http://documents.worldbank.org/curated/en/2014/03/19291754/all-family-state-capture-tunisia
dc.identifier.uri http://hdl.handle.net/10986/17726
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 6810
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING
dc.subject AFFILIATED ORGANIZATIONS
dc.subject AIR
dc.subject AIR TRANSPORT
dc.subject AIRLINE INDUSTRY
dc.subject AUTHORIZATION REQUIREMENT
dc.subject AUTHORIZATION REQUIREMENTS
dc.subject AUTOMOBILE
dc.subject AUTOMOBILES
dc.subject BAILOUTS
dc.subject BALANCE SHEET
dc.subject BALANCE SHEET INFORMATION
dc.subject BANK ACCOUNTS
dc.subject BANK POLICY
dc.subject BARRIERS TO ENTRY
dc.subject BUSINESS COMMUNITY
dc.subject BUSINESS REGULATIONS
dc.subject CAPITAL CONTROLS
dc.subject CAPITAL INTENSITY
dc.subject CAPITAL STOCK
dc.subject CAR
dc.subject CARS
dc.subject CHECKS
dc.subject COMPANY
dc.subject COMPETITORS
dc.subject DEVELOPING COUNTRIES
dc.subject DIVIDEND
dc.subject DRIVING
dc.subject DUMMY VARIABLE
dc.subject DUMMY VARIABLES
dc.subject ECONOMIC PERFORMANCE
dc.subject EMPLOYMENT
dc.subject ENTREPRENEURS
dc.subject ENTREPRENEURSHIP
dc.subject ENVIRONMENTAL PROTECTION
dc.subject EQUIPMENT
dc.subject FACE VALUE
dc.subject FINANCIAL SERVICES
dc.subject FIRM PERFORMANCE
dc.subject FIRM SIZE
dc.subject FIRMS
dc.subject FOREIGN COMPETITION
dc.subject FOREIGN DIRECT INVESTMENT
dc.subject FOREIGN EQUITY
dc.subject FOREIGN FIRMS
dc.subject FOREIGN FUNDS
dc.subject FOREIGN INVESTMENT
dc.subject FOREIGN INVESTORS
dc.subject FOREIGN OWNERSHIP
dc.subject GOVERNMENT INTERVENTION
dc.subject GROWTH RATES
dc.subject INCOME
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL ECONOMICS
dc.subject INTERNATIONAL TRADE
dc.subject INTERNATIONAL TRANSPORT
dc.subject INVESTMENT CODE
dc.subject INVESTMENT INCENTIVES
dc.subject INVESTMENT POLICIES
dc.subject INVESTMENT POLICY
dc.subject INVESTMENT PROMOTION
dc.subject INVESTMENT REGULATION
dc.subject INVESTMENT REGULATIONS
dc.subject INVESTMENT RESTRICTIONS
dc.subject IPO
dc.subject LEVEL PLAYING FIELD
dc.subject LICENSING
dc.subject MARITIME TRANSPORT
dc.subject MARKET ACCESS
dc.subject MARKET CONCENTRATION
dc.subject MARKET FAILURE
dc.subject MARKET FAILURES
dc.subject MARKET PLAYERS
dc.subject MARKET SHARE
dc.subject MARKET SHARES
dc.subject MARKET STRUCTURE
dc.subject MARKET VALUE
dc.subject MINISTRY OF TRANSPORT
dc.subject MONETARY FUND
dc.subject MONEY LAUNDERING
dc.subject MONOPOLY
dc.subject OUTPUT
dc.subject POLITICAL ECONOMY
dc.subject PORTFOLIO
dc.subject POSITIVE COEFFICIENT
dc.subject PREFERENTIAL ACCESS
dc.subject PRIVATE SCHOOL
dc.subject PROFIT MARGINS
dc.subject PROFITABILITY
dc.subject RAILROAD
dc.subject RAILWAY
dc.subject RAPID GROWTH
dc.subject REAL ESTATE
dc.subject REGISTRATION REQUIREMENTS
dc.subject REGULATORY REQUIREMENTS
dc.subject REGULATORY RESTRICTIONS
dc.subject RENTS
dc.subject RESTRICTIONS ON ENTRY
dc.subject ROAD TRANSPORT
dc.subject ROADS
dc.subject RULE OF LAW
dc.subject SME
dc.subject SME DEVELOPMENT
dc.subject STARTUP
dc.subject STATE CAPTURE
dc.subject STOCK MARKET
dc.subject STOCK MARKET CAPITALIZATION
dc.subject STOCK PORTFOLIOS
dc.subject TAX
dc.subject TAX BREAKS
dc.subject TAX DEFERRALS
dc.subject TAX RATES
dc.subject TAX REGIME
dc.subject TAXATION
dc.subject TAXIS
dc.subject TELECOMMUNICATIONS
dc.subject TRANSFER OF OWNERSHIP
dc.subject TRANSPORTS
dc.subject TRUE
dc.subject TURNOVER
dc.subject VEHICLE
dc.subject WAREHOUSES
dc.subject WEALTH
dc.title All in the Family : State Capture in Tunisia en
dspace.entity.type Publication
okr.date.disclosure 2014-03-01
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2014/03/19291754/all-family-state-capture-tunisia
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Transport and ICT
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/1813-9450-6810
okr.identifier.externaldocumentum 090224b084525420_2_0
okr.identifier.internaldocumentum 19291754
okr.identifier.report WPS6810
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/03/25/000158349_20140325092905/Rendered/PDF/WPS6810.pdf en
okr.region.administrative Middle East and North Africa
okr.region.country Tunisia
okr.topic Finance and Financial Sector Development :: Microfinance
okr.topic Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic Private Sector Development :: Emerging Markets
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Transport Economics Policy and Planning
okr.topic Transport
okr.unit Poverty 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.volume 1 of 1
relation.isAuthorOfPublication e2023549-6161-5735-a342-0381b2b7571a
relation.isAuthorOfPublication 65ba4a02-ba22-5c96-8e04-6b9356d619e0
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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