This work in progress considers the bargaining options of a natural gas transit country. The paper describes the situation with potential hold-up due to asset specific investments and the timing of the hold-up by the transit country

Using enterprise data for the economies of Central and Eastern Europe and the CIS, this study examines the effects of corruption on productivity. Corruption is narrowly defined as the occurrence of informal payments to government officials to ease the day-to-day operation of firms. The effects...

Services as a share of gross domestic product and in foreign direct investment flows have increased in importance both globally and in the transition countries of Europe and Central Asia. So has the need for both academics and policymakers to understand the impacts of services liberalization in...

While the countries of Eastern Europe and the Former Soviet Union have made significant progress in reducing poverty in the past five years, poverty and vulnerability remain significant problems. More than 60 million are poor and more than 150 million are vulnerable. Growth, Poverty, and...