Should state regulatory involvement in the economy necessarily generate corruption? While excessive regulatory burden is often treated as a cause of corruption, this paper argues otherwise. It distinguishes regulatory policy, or de jure regulatory regimes from regulatory implementation and...

Analyzing four case studies on rural Poland during 1990–2005, this study shows how partnerships of local governments and civil society organizations provided public goods that boosted local economic development. By taking a comparative institutional economics perspective, we demonstrate how...

This paper examines the effects of international standards certification (ISC) on both productivity and sales performance for firms from a wide set of countries exhibiting different degrees of institutional development. Against a large dataset of manufacturing firms operating in 59 countries we...

This paper focuses on the impact of vertical knowledge transfer from foreign affiliates of Transnational Corporations (TNCs) to indigenous Polish suppliers. Firm-level data was collected through a survey among foreign affiliates and domestic suppliers in the Polish automotive sector. The study...

We estimate capital flight from 10 Central and Eastern European countries for the period 1996–2009. Capital flight from the transition economies is mainly an economic phenomenon, driven by differences in interest rates and investors’ perceptions of economic conditions in their countries as...

We combine information on bribery practices with firm-level accounting data to examine how bribery influences bank debt ratios for a large sample of firms in 14 transition countries. We find that bribery is positively related to firms’ total bank debt ratios, which provides evidence that...