Peer-reviewed Journal Articles
Armed Conflict and Firm Performance: Evidence from the 2008 Georgia-Russia Conflict. Forthcoming in Economics of Transition and Institutional Change, 2026.
Managerial and financial barriers to the green transition (with Ralph De Haas, Ralf Martin and Mirabelle Muûls). Management Science, 2024. Web appendix
Economic costs of friendshoring (with Beata Javorcik, Lucas Kitzmüller and Muhammed A. Yildirim). World Economy, 2024, 47(7), 2871-2908.
The long-run effects of R&D place-based policies: Evidence from Russian science cities (with Alexander Stepanov and Paolo Zacchia). American Economic Journal: Economic Policy, 2022, 14(3), 322-351. Replication package
When good managers face bad incentives: Management quality and fuel intensity in the presence of price distortions (with Alexander Stepanov). Energy Policy, 2022, 164, 112827.
The role of innovation and management practices in determining firm productivity (with Wiebke Bartz-Zuccala and Pierre Mohnen). Comparative Economic Studies, 2018, 60(4), 502-530.
The future of CIS and CEE countries (with Torbjorn Becker, Igor Livshits, Bas B. Bakker and Tymofiy Mylovanov). Economics of Transition, 2018, 26(4), 801-826.
Not so different from non-traders: Trade premia in Middle East and North Africa (with David C. Francis). Economics of Transition, April 2017, 25(2), 185-238. Web appendix
Innovation policies in transition countries: One size fits all? (with Reinhilde Veugelers). Economic Change and Restructuring, August 2016, 49(2), 241-267.
Cross Country Differences in Job Reallocation: The Role of Industry, Firm Size and Regulations (with John Haltiwanger and Stefano Scarpetta), Labour Economics, January 2014, 26(1), 11-25. Previously circulated as The Relationship Between Job Flows Across Countries: The Role of Industry, Size and Institutions. Web appendix Data
Market Pressure, Management Quality and Firm Performance across Russia (with Guido Friebel), Open Economies Review, September 2013, 24(2), 763-788.
The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries (with Nicholas Bloom and John Van Reenen), Economics of Transition, October 2012, 20(4), 563-635.
Working Papers
CEO-firm matches and productivity in 42 countries (with Amanda Dahlstrand, Dávid László, Oriana Bandiera, Andrea Prat and Raffaella Sadun), January 2025. EBRD Working Paper No. 300, NBER Working Paper No. 33324
Services exporters and importers in Hungary (with Márta Bisztray and Beata Javorcik), November 2024. KRTK-KTI Working Paper No. 2024/21.
Green investment by firms: finance or climate-driven? (with Fotios Kalantzis and Sofia Dominguez), June 2022. EBRD Working Paper No. 268, EIB MENA Enterprise Survey Report Working Papers: Volume 9, WB Policy Research Working Paper No. WPS10064.
The Impact of State Aid for Restructuring on the Allocation of Resources , Revised May 2011. EBRD Working Paper No. 127.
Impact of Changes in Wage Setting Policies on the Structure of Wages in Slovenia (with John Haltiwanger and Milan Vodopivec). Revised May 2006.
Book Chapters
Economic costs of friendshoring, Geoeconomic Fragmentation: The Economic Risks from a Fractured World Economy (2023) in Shekhar Aiyar, Andrea F. Presbitero and Michele Ruta (editors), CEPR eBook, Chapter 3, 29-38.
Firms and finance during green transition, Scaling Up Sustainable Finance and Investment in the Global South (2022) in Dirk Schoenmaker and Ulrich Volz (editors), CEPR eBook, Chapter 1, 11-20.
Innovation in the CESEE region: the role of business environment, financing and reforms, Structural reforms for growth and cohesion. Lessons and challenges for CESEE countries and a modern Europe (2018) in Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth (editors), Chapter 5, 47-59.
European Transition at Twenty: Addressing Progress in Countries and Sectors (with Erik Berglöf, Lise Bruynhooghe, Heike Harmgart, Peter Sanfey, and Jeromin Zettelmeyer), Economies in Transition: The Long-Run View (2011) in Gérard Roland (editor), Chapter 10, pp. 254-292. Previously published as UNU-WIDER Working Paper No. 2010/91, August 2010.
Other Publications
Demographic change and the quest for talent (with Tim Deisemann, Adam Landau, Francesco Loiacono and Delia Manso de Zuniga), EBRD Transition Report 2025-26: Brave Old World, Chapter 3, 76-109.
The rise of services exports: New pathways for growth (with Pablo García Guzmán, Anton Grahed, and Beata Javorcik), VoxEU, 27 November 2024.
Promoting structural change (with Pablo García Guzmán, Anton Grahed, and Beata Javorcik), EBRD Transition Report 2024-25: Navigating Industrial Policy, Chapter 2, 40-69.
The green transition and geopolitical tensions (with Beata Javorcik, Lucas Kitzmüller, Sushil Mathew, and Xuanyi Wang), VoxEU, 21 November 2023.
Global supply chains and the green transition (with Pablo García Guzmán, Beata Javorcik, Lucas Kitzmüller, Sushil Mathew, and Xuanyi Wang), EBRD Transition Report 2023-24: Transitions Big and Small, Chapter 2, 32-55.
The reshuffling of global supply chains is already happening (with Beata Javorcik and Lucas Kitzmüller), VoxEU, 24 November 2022.
Global supply chains in turbulence (with Francesca Faella, Beata Javorcik, Lucas Kitzmüller and Vincenzo Langella), EBRD Transition Report 2022-23: Business Unusual, Chapter 3, 52-75.
Unlocking Sustainable Private Sector Growth in the Middle East and North Africa: Evidence from the Enterprise Survey (with Sergei Guriev et al.), 2022.
The green economy (with Sofia Dominguez, Matteo Ferrazzi, Fotios Kalantzis, Vincenzo Langella and Annamaria Tueske), Business resilience in the pandemic and beyond: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia, Chapter 3, 91-122, 2022.
The long-run effects of R&D place-based policies: Evidence from Russian science cities (with Alexander Stepanov), VoxEU, 26 August 2021.
Barriers to net zero: How firms can make or break green transition (with Ralph De Haas, Ralf Martin and Mirabelle Muûls), LSE Business Review, All About Finance, PRI.
How firms can make or break green transition (with Ralph De Haas, Ralf Martin and Mirabelle Muûls), VoxEU, 19 March 2021.
The state and the green economy (with Sam Fankhauser, Beata Javorcik and Jörn Onken), EBRD Transition Report 2020-21: The State Strikes Back, Chapter 4, 90-111.
Coronavirus credit support: Don’t let liquidity lifelines become a golden noose (with Çağatay Bircan, Ralph De Haas and Alexander Stepanov), VoxEU.
Innovation in Emerging Europe (with Alexander Stepanov), Background note for the report Asian Development Outlook 2020: What Drives Innovation in Asia?
Good management improves productivity, but it may worsen environmental performance (with Alexander Stepanov), LSE Business Review.
Firms' green governance (with Ralph De Haas, Ralf Martin, Mirabelle Muûls and Camille Semelet), EBRD Transition Report 2019-20: Better Governance, Better Economies, Chapter 4, 80-99.
MENA firms involved in trade: Characteristics and challenges (with David C. Francis), the forum, ERF Policy Portal.
Green growth (with Sam Fankhauser and Martin Günther), EBRD Transition Report 2017-18: Sustaining Growth, Chapter 4, 72-93.
What's holding back the private sector in MENA? (with Ralph de Haas), the forum, ERF Policy Portal.
Competitiveness in the MENA Region: Trade, Innovation, and Management Practices (with David C. Francis, Alexander Stepanov and Sarah Stölting), What's Holding Back the Private Sector in MENA? Lessons from the Enterprise Survey, 2016, Chapter 5, 84-113.
The Many Faces of Innovation (with Alexander Plekhanov), EBRD Transition Report 2014: Innovation in Transition, Chapter 1, 10-29.
Innovation and Firm Productivity (with Pierre Mohnen and Florent Silve), EBRD Transition Report 2014: Innovation in Transition, Chapter 2, 30-43.
Drivers of Innovation (with Wiebke Bartz, Emil Gelebo and Pierre Mohnen), EBRD Transition Report 2014: Innovation in Transition, Chapter 3, 44-63.
Policies Supporting Innovation (with Giulia Bovini and Reinhilde Veugelers), EBRD Transition Report 2014: Innovation in Transition, Chapter 5, 82-103.
Education, Institutions and Human Capital (with Guido Friebel and Jan Lukšič), EBRD Transition Report 2013: Stuck in Transition, Chapter 4, 62-77.
The Management Dimension (with Alexander Plekhanov), Diversifying Russia: Harnessing Regional Diversity, 2012, Chapter 5, 51-55.
Evaluating and Improving the Business Environment (with Franto Ricka), EBRD Transition Report 2010: Recovery and Reform, Chapter 5, 86-94.
Transition: Where Does It Stand and Where Should It Go? (with Lise Bruynhooghe, Heike Harmgart, Peter Sanfey, and Jeromin Zettelmeyer), EBRD Transition Report 2009: Transition in Crisis?, Chapter 5, 94-115.
Peoples’ Attitudes and Experiences in the Labour Market (with Simon Commander and Ermal Hitaj), EBRD Transition Report 2007: People in Transition, Chapter 4, 64-73.