Die Einzahlungen und Bürgschaften im Rahmen des Europäischen Stabilisierungsmechanismus (ESM) führen zu einer starken Belastung der soliden Euroländer – ob das Kapital überhaupt ausreicht, ist zudem nicht sicher. Sinnvoller wäre es, nicht die Staatsschulden in den Fokus zu nehmen,...

Using enterprise data for the economies of Central and Eastern Europe and the CIS, this study examines the effects of corruption on productivity. Corruption is defined as a “bribe tax” and is compared to another form of institutional inefficiency, which is often believed to be closely linked...

Using enterprise data for the economies of Central and Eastern Europe and the Commonwealth of Independent States, this study examines the effects of corruption on productivity. Corruption is defined as a "bribe tax" and is compared with another form of institutional inefficiency, which is often...

Using enterprise data for the economies of Central and Eastern Europe and the CIS, this study examines the effects of corruption on productivity. Corruption is narrowly defined as the occurrence of informal payments to government officials to ease the day-to-day operation of firms. The effects...