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@article{ART002297073},
author={양준석 and Jang， YoonSeop},
title={The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2017},
volume={26},
number={2},
pages={189-213}

TY - JOUR
AU - 양준석
AU - Jang， YoonSeop
TI - The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index
JO - Journal of Regulation Studies
PY - 2017
VL - 26
IS - 2
PB - 한국규제학회
SP - 189
EP - 213
SN - 1738-7132
AB - Heated controversies continues over a year ever since the Improper Solicitation and Graft Act(hereinafter referred to as“the Act”) put into effect from 2016 in Korea. However, surprisingly few researches have focused on the economic impact of the act. This paper empirically investigates the economic effects of the act on micro-enterprises. Specifically, We construct a difference-in-differences regression model with micro-enterprises s urvey index in order to estimate the actual effect of the act on micro-enterprises’business sentiments. We distinguish the industry group directly affected by the act (food, retail services) from the rest industry group(real estate, repair services and etc.), comparing two group’s differences in business survey index before and after the act is enforced. To estimate actual effects of the law, we control the variables such as seasonality, business fluctuations and industry specific characteristics which possibly affect micro-enterprises survey index. Our estimation results are summarized as following. After the law put in effect, survey index of affected group significantly decreased. The estimated effects remain statistically significant in robustness test model.
KW - Improper Solicitation and Graft Act;corruption prevention;micro-enterprises;businesses survey index
DO -
UR -
ER -

양준석 and Jang， YoonSeop. (2017). The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index. Journal of Regulation Studies, 26(2), 189-213.

양준석 and Jang， YoonSeop. 2017, "The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index", Journal of Regulation Studies, vol.26, no.2 pp.189-213.

양준석, Jang， YoonSeop "The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index" Journal of Regulation Studies 26.2 pp.189-213 (2017) : 189.

양준석, Jang， YoonSeop. The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index. 2017; 26(2), 189-213.

양준석 and Jang， YoonSeop. "The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index" Journal of Regulation Studies 26, no.2 (2017) : 189-213.

양준석; Jang， YoonSeop. The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index. Journal of Regulation Studies, 26(2), 189-213.

양준석; Jang， YoonSeop. The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index. Journal of Regulation Studies. 2017; 26(2) 189-213.

양준석, Jang， YoonSeop. The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index. 2017; 26(2), 189-213.

양준석 and Jang， YoonSeop. "The Impact of the Improper Solicitation and Graft Act on Micro-enterprises Survey Index" Journal of Regulation Studies 26, no.2 (2017) : 189-213.