In this paper we bring together three different strands of literature to raise and answer the question posed in the title. The literature in the Kuznets tradition applied to services raises the question of whether the pattern observed for services, namely a rising share of GDP, is also observed...

There is no room for complacency, however. Corruption is not falling in all countries or all sectors, and even the most successful reformers still tend to have higher levels of firm-level corruption than in Western Europe. The burden weighs most heavily on the new private firms that are the...

Mongolia's mass privatization program was implanted in a country that lacked the very basic institutions of capitalism. This paper examines the effects of competition and ownership on the efficiency of the newly privatized enterprises, using a representative sample of enterprises and controlling...