Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and … percent of "official" GDP) in 2002/03 in 96 developing countries is 38.7%, in 25 transition countries 40.1%, in 21 OECD …

relationship between globalization and inequality in the transition countries including China and most countries of Middle and … relationship between globalization and inequality. We conclude that institutions providing income insurance and education, which … characterize most advanced economies but are less developed in transition economies, may have moderated effects of globalization on …

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and …

In transition and developing countries, we observe rather high levels of corruption even if they have democratic … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …

economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …

economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …