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 …

An economy is considered where a possibility to seek rents (a particular case of this activity is corruption) exists … low corruption the direct law enforcement is bene- ficial for growth, and reduces the shadow sector. However, in the … highly corrupt economy, combating the shadow economy reduces output and increases corruption, while combating corruption …

It is widely acknowledged that corruption has negative impact on economy and society. Transition process in the Central … and Eastern Europe (CEE) uncovered dormant possibilities for corruption that consequently required appropriate steps to be … taken against. We attempted to document the state of corruption in the Czech Republic and the measures introduced to fight …

, transitional corruption and other institutional and political factors. The model is based on a survey on Bulgarian banks and a …, associated mainly with the inefficiency of the judicial system, corruption, state capture, uncertain property rights, etc. …

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

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 …

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 …