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Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a percent of officialʺ GDP) in 2002/03 in 96 developing...
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results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …
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This contribution is one of the lead articles to the forthcoming Handbook of Political, Social, and Economic Transformation. It discusses the main contributions from the New Institutional Economics to transformation research but also identifies a number of research gaps
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