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Which incentives have the strongest impact on the size of the shadow economy? Is it about government's pressure against entrepreneurs operating in this sector, or is it about the benefits of legality? The goal of this paper is to explicitly contrast the role of sticks (court repressiveness) and...
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effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find … is driven by the impact of bureaucracy on the post-privatization business environment, with better institutional support …
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privatization effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity … this effect is driven by the impact of bureaucracy on the post-privatization business environment, with better …
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