This paper compares the development of the institutions for regulation of the natural gas transportation systems in the United States and the European Union. Given the fact that these systems are technically similar, it addresses the question why regulatory institutions in the US and the EU have...

In this paper, we attempt to link the International Transparency index with economic development, specifically entrepreneurial activity. Using data collected through Global Entrepreneurship Monitor (GEM), CIA's World Factbook and the 1997 Transparency International, we found that overall...