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- W1551978730 abstract "State capture by business, a high-level form of corruption aimed at influencing the rules of the market game, has been a serious concern in Eastern Europe, and more generally a major danger of the economic transformation from communism to capitalism. This paper uses a quantitative analysis of the measure state capture used by the World Bank’s Business Environment and Enterprise Performance Survey (BEEPS) in order to find the determinants of this phenomenon and of its evolution over time. Between 1999 and 2005, state capture has significantly declined across the region, suggesting that market reforms in most transition economies were not high-jacked by local oligarchs or former state enterprise managers, as some suggested (Hellman 1998). My research shows that banking reform has played a key role in the reduction in state capture, by eliminating access to soft financing, which was key to state capture attempts. I also consider alternative measures of economic and institutional reform, and I explore the role of political variables further than previous research." @default.
- W1551978730 created "2016-06-24" @default.
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- W1551978730 date "2011-01-01" @default.
- W1551978730 modified "2023-09-23" @default.
- W1551978730 title "The Determinants of State Capture in Eastern Europe" @default.
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