Does entrepreneurial optimism affect business performance? Using a unique data setbased on repeated survey design, we investigate this relationship empirically. Ourmeasures of ‘optimism’ and ‘realism’ are derived from comparing the turnovergrowth expectations of 133 owners-managers with...

Using panel data for twenty-seven post-communist economies between 1987-2003, we examine the nexus of relationships between inequality, fiscal capacity (defined as the ability to raise taxes efficiently) and the political regime. Investigating the impact of political reform we find that full...

Rzonca and Cizkowicz (2003) notice that by construction the reform indicators are bound from the above, and the resulting time series characteristics of these variables render estimates of coefficients in growth regressions spurious. We illustrate this issue further, applying econometric tests....