We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem …

In many developing and transition countries, we observe rather high levels of corruption. This is surprising from a … political economy perspective, as the majority of people in a corrupt country suffer from high corruption levels. Our model is …, we show that a lack of financial institutions can lead to more corruption as more voters are part of the corrupt system …

Corruption is one of the key problems facing the Russian state as it seeks to evolve out of its socialist past …. Naturally, regional patterns of corruption exist across a country as large and diverse as the Russian Federation. To explain … provides the first effort to measure differences in incidence of corruption across 40 Russian regions. We find that corruption …

possible implications of this key fact by surveying and adapting literature on growth and inequality. I focus especially on the …

on a large enterprise panel of Russian firms 1990-94, representing around 10% of Russian manufacturing output. We …