Speaker: Saang Joon Baak
Affiliation: Waseda University
This seminar will feature Professor Saang Joon Baak of the Faculty of International Research and Education at Waseda University, Tokyo. Professor Saang Joon Baak’s research estimates the interacting effects of corruption and investment climate on the firm-level efficiency of Vietnamese enterprises, using 2005, 2009, and 2015 World Bank Enterprise Survey data. Based on the results, this research calculates the point at which the marginal effect of corruption on efficiency is reversed from negative to positive. The effects of corruption and a poor investment climate on firm efficiency are found to be significantly negative. On the other hand, the effect of their interaction term is significantly positive. Calculations based on these findings indicate that the marginal effect of corruption on firm efficiency is substantially negative for firms operating in a fairly good investment climate. As the investment climate deteriorates, however, it decays and finally turns positive for firms at the lower 20th percentile.
About the Speaker
Saang Joon Baak is a professor at the School of International Liberal Studies and the Graduate School of Economics at Waseda University, Tokyo. He received his PhD from the University of Wisconsin-Madison in 1997. He has since published research papers on bounded rationality, exchange rate dynamics, and East Asian economies in journals such as the Journal of Economic Dynamics and Control, China Economic Review, and Japanese and International Economies. His current research interests include analyzing firm-level or commodity level data. His latest research topics include "corruption and firm level efficiency," "investment of Japanese corporations," and the "impact of exchange rates on export prices and volumes of competing countries."
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