Emerging market economies were major beneficiaries of the economic boom before 2007. More recently, they have become victims of the global financial crisis. Their future development depends, to a large extent, on global economic prospects. Today the global economy and the European economy are...

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...