In Romania, the 1991 Land Reform marked the beginning of a series of transformations in the ownership structure and the …

Using firm-level data from Bulgaria and Romania, this paper addresses a lacuna in the transition literature, namely … net job creation at the firm level was affected by privatization in Bulgaria, privatization in Romania did not have any …, resources moved from less productive firms to more productive firms in almost all industries, but that in Romania such a …

Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons …

Romania's overall economic performance during the first ten years of transition can be termed so far as disappointing …

a survey of 297 new small enterprises in Romania containing detailed information from the startup date through 2001. We …, property rights, and corruption) are tested, but none are found to have any clear association with firm growth. …

Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … suggest that (a) lobbying and corruption are fundamentally different, (b) political institutions play a major role in …

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

are desperate, vulnerable, or demanding services particularly prone to corruption. The effect is strongest for bribery of …

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 …