Bribery environment and firm performance : evidence from central and eastern European countries.

Abstrakt

he evidence about the effect of bribery on economic growth is mixed. Some find it harmful while others believe it helps via a 'grease the wheels' effect.

This column argues that the ambiguity can be explained by divergent effects of the mean and dispersion of corruption. A high bribery-mean retards productivity growth of firms, but a high bribery-dispersion facilitates performance of weak firms.

Klíčová slova

• bribery
• CEE countries
• firm