With the move to a market economy the number of small businesses has grown substantially in most transition countries. However, cumbersome legal provisions and administrative practices and the lack of a culture of voluntary compliance often provide strong incentives to operate outside the formal economy. The paper first discusses the growth of the SME sector in the region and its impact on tax ...

A prevailing undercurrent of doubt regarding the merits of economic growth has motivated efforts to rethink how we measure the success of economic policy and societal wellbeing. This article comments on efforts to better account for impacts of economic activity emphasizing genuine progress indicator (GPI) and wellbeing metrics from a Canadian viewpoint. The authors caution that GPI and related ...

Material misstatements in corporate tax disclosures have widespread economic and social impacts. Our study investigates how disciplinary power flows through communication channels between institutional investors senior executives to normalise understandings of as an instrument control. Adopting a governmentality approach, we analyse interview data, the UK Australia, query guides willing subject...

ing from the gap between decision and experienced utility, we find that behavioral biases do not impose additional costs on welfare. This interpretation is consistent with the concept of internality proposed by Allcott et al. (2014) and the model of behavioral biases proposed by Farhi and Gabaix (2015). In contrast, we represent transaction cost microfrictions as an economic cost C that the con...