In the beginning of the 1990s, the former socialist countries of Eastern Europe and the Soviet Union began reforming their economies. Yet despite two decades of research, it is still unclear which reform path – gradual or radical – is better for long-run growth. Unlike most other studies on...

This paper provides empirical evaluation of a number of determinants of tax evasion by firms. The analysis includes both standard determinants, such as tax rates and probability of detection, and non-traditional factors, such as trust in government, compliance costs, and corruption. Firm-level...

type="main" <title type="main">Summary</title> <p>The recent downfall of autocracies worldwide, most notably in the Middle East, raises the question: Do the new, more democratic regimes hold a promise of creating a better economic and business environment? To answer this question, I analyze a new large-scale firm-level...</p>

Corruption is one of the most important determinants of economic efficiency and growth. However, empirical research on the causes of corruption is still very limited. In this paper, we investigate the effect of various firm characteristics on their bribing behaviour. Using extensive data on...