A model of Ukrainian shadow economy money demand is estimated that includes new regulatory burden, tax complexity, and soft-budget constraint variables. This model is analyzed to determine the causes and dynamics of the Ukrainian shadow economy and to assess the effectiveness of state measures...

Studies of the mature Soviet economy focus on the structural weaknesses of rent seeking and corruption. Such an economy is presumed to perform better in its adolescent phase under a strong stationary-bandit dictator, dedicated to growth and able to control rent-seekers. We use the recently...