Kuzmina, Olga; Volchkova, Natalya; Zueva, Tatiana - In: Journal of Comparative Economics 42 (2014) 4, pp. 874-891
This paper studies the effect of poor governance quality on foreign direct investment in Russia. Using a survey of businesses across forty administrative districts, we find that higher frequency of using illegal payments and higher pressure from regulatory agencies, enforcement authorities, and...