During the process of the Croatian accession to the EU, an insufficiently fast integration of Croatia into those areas within the EU concerning commodity and service markets, labor and capital markets has been noticed. Slower integration within these areas has been explained by means of inadequate institutional development and insufficient competitiveness of our economy when compared to other developed countries of EU-15 and the advanced countries within EU-13 (the so-called Visegrád Group countries).

Insufficient institutional development has been described by means of: 1) absence of legislation in specific socio-economic areas; 2) insufficiently precise legislation; as well as by means of 3) inconsistent legislation within the specific areas.

Today, the omnipresence of technologies creates new challenges for institutions since it opens up new areas for analysis. These areas include data privacy protection, the security of data users, as well as regulation concerning the use of such technologies since regulation also means maintaining the level of trust citizens place in modern technologies. The question of the quality of public administration within the context of institutions represents the main area of research for our scientists. Primarily, this refers to the perception of corruption in different socio-economic areas. Within this context, specifically analyzed are the obstacles to business activities connected with corruption. Papers are focused toward finding the most efficient anticorruption politics and toward the analysis of the citizens' trust when it comes to institutions.

Equally important questions for the researchers at the Institute of Economics, Zagreb are questions concerning the functioning of public administration, the ways of efficient state property management, and the question of optimal financial management within larger companies located on the Croatian stock exchange.

Read more


Show more
  1. Tobacco Grey Market in the Western Balkans Budak, Jelena, Edo Rajh, Goran Buturac and Anamarija Brković, 2020, Journal of Balkan and Near Eastern Studies, paper published online September, 9, 2020., DOI:
  2. Determinants of corruption pressures on local government in the E.U. Slijepčević Sunčana, Edo Rajh and Jelena Budak, 2020, Economic Research-Ekonomska Istraživanja, paper published online August, 24, 2020., DOI:
  3. Corruption and local government in post-transition Slijepčević Sunčana, Edo Rajh and Jelena Budak, 2020, paper accepted for publishing in the journal Economic ResearchEkonomska istraživanja.
  4. Consolidated democracy advantage : political instability and sovereign spreads in the EU Glaurdić, Josip, Cristophe Lesschaeve and Maruška Vizek, 2019, Comparative European Politics, paper published online July 4 2019, DOI:
  5. New information economy in post-transition countries: an economic approach to privacy concern Anić, Ivan-Damir, Jelena Budak and Edo Rajh, 2016, Transformations in Business & Economics, 15 (2), pp. 165178. 
  6. Business-government relationshipin European post-transition countries: do innovators get the worse end of a stick Botrić, Valerija and Ljiljana Božić, 2016, Transylvanian Review of Administrative Sciences, 49E, pp. 5–21. 
  7. Privacy concern in Western Balkan countries: developing a typology of citizens Budak, Jelena, Edo Rajh and Ivan-Damir Anić, 2015, Journal of Balkan and Near Eastern Studies, pp. 2948. 
  8. The corruption mark-up: is corruption cost incorporated in the prices of goods and services in emerging and developed countries? Budak, Jelena and Maruška Vizek, 2015, Post-Communist Economies, 27 (2), pp. 247255. 
  9. Private sector bribery and effectiveness of anti-corruption policies Goel, Rajeev K., Jelena Budak and Edo Rajh, 2015, Applied Economics Letters, 22 (10), pp. 759766. 
  10. Mandatory shares' listing effect in the Croatian capital market from 2002─2010 Grubišić Šeba, Mihaela, 2015, Ekonomska istraživanja (Economic Research), 28 (1), pp. 10791095. 
  11. Assessment of drug-related public expenditures in Croatia Jurlina Alibegović, Dubravka and Sunčana Slijepčević, 2015, Društvena istraživanja: časopis za opća društvena pitanja, 24 (1), pp. 1–20.
  12. Corruption as an obstacle for doing business in the Western Balkans: a business sector perspective Budak, Jelena and Edo Rajh, 2014, International Small Business Journal, 32 (29), pp. 140157.
  13. The structure of public spending on drug policy in Croatia: what are the priorities? Švaljek, Sandra and Jelena Budak, 2014, Društvena istraživanja: časopis za opća društvena pitanja, 23 (3), pp. 407─425. 
  14. Public attitudes towards privacy and surveillance in Croatia Budak, Jelena, Ivan-Damir Anić and Edo Rajh, 2013, Innovation: The European Journal of Social Science Research, 26 (1─2), pp. 100118. 
  15. Causes of the unofficial economy in new EU member states Mikulić, Davor and Andrea Nagyszombaty, 2013 Ekonomska istraživanja (Economic Research), 1, pp. 29–44. 
  16. Corruption survey in Croatia: survey confidentiality and trust in institutions Budak, Jelena and Edo Rajh, 2012, Društvena istraživanja: časopis za opća društvena pitanja, 21 (2), pp. 291313. 
  17. Co-development ventures: optimal time of entry and profit-sharing Cvitanić, Jakša, Sonja Radas and Hrvoje Šikić, 2011, Journal of Economic Dynamics & Control, 35 (10), pp. 17101730. 
  18. Corruption and public procurement: example from Croatia Ateljević, Jovo and Jelena Budak, 2010, Journal of Balkan and Near Eastern Studies, 12 (4), pp. 375397. 

Other papers

Show more
  1. Corruption pressure on business revisited: bribery incidence in European countries Budak, Jelena, Edo Rajh, Sunčana Slijepčević and Matea Maloča, 2023,  Ekonomski vjesnik, 36(1), pp. 15-30.
  2. Corruption as an obstacle to pandemic response: a COVID-19 case study Škrinjarić, Bruno; Jelena Budak and Allison Carragher, 2023, Economic Analysis, paper published online may 23,.2023. pp. 1-19. DOI
  3. Perceptions of corruption and informality among businesspeople Frey, Barbara, Bruno Škrinjarić and Jelena Budak, 2022. The South East European Journal of Economics and Business, 17(2), pp. 49-66.
  4. History matters: development and institutional persistence of the Habsburg Military Frontier in Croatia Tkalec, Marina, 2020, Public Sector Economics, 44(1), pp. 117-145.
  5. The extended model of online privacy concern Anić, Ivan-Damir, Jelena Budak, Edo Rajh, Vedran Recher, Vatroslav Škare, Bruno Škrinjarić and Mateo Žokalj, 2018. Zagreb : The institute of economics, Zagreb.
  6. Institutions, and firms' performances in transition countries : the case of the selected CESEE countries Aralica, Zoran, Tonći Svilokos and Katarina Bačić, 2018, The South East European journal of economics and business, 13(1), pp. 68-80.
  7. Citizens' online surveillance concern in a post-communist country Budak, Jelena and Edo Rajh, 2018, Surveillance & society, 16(3), pp. 347-361.
  8. The effect of personality traits on online privacy concern Škrinjarić, Bruno, Jelena Budak and Mateo Žokalj, 2018, Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista, 69(2), pp. 1106-130.
  9. Analysis of exposure to corruption pressures at the local government level in Europe. Slijepčević, Sunčana, Edo Rajh and Jelena Budak, Jelena, 2018, Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista, 69(4), pp. 329-349.
  10. Arguments and the need for a public agencies reform Jurlina Alibegović, Dubravka, 2018. In A. Musa (Ed.), Public administration forum: Public agencies- in search for the reform, pp. 55-61.  Zagreb : Friedrich Ebert Stiftung  and Institute for Public Administration.
  11. The effect of EU membership on public procurement for SMEs in post-transition countries Slijepčević, Sunčana, Jelena Budak and Edo Rajh, 2018. In J. Ateljević i J. Budak (Eds.), Entrepreneurship in Post-Communist Countries, pp. 163-181.  Cham : Springer.
  12. Citizens’ privacy concerns: does national culture matter? Budak, Jelena, Edo Rajh and Vedran Recher, 2017. In M. Friedewald, J. P. Burgess, J. Čas, R. Bellanova i W. Peissl, (Eds.), Surveillance, privacy and security citizens’ perspectives, pp. 6-51. Abingdon : Routledge.
  13. Croatia's captured places : research report case studies on the quality of local governance in Croatia Hoffmann, Dražen, Nives Miošić-Lisjak, Duje Prkut, Dragan Zelić, Paul Stubbs, Berto Šalaj and Siniša Zrinščak, 2017. Zagreb : GONG.
  14. Corruption in public procurement : do we need a new research model for Croatia? Budak, Jelena, 2017, Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista, 67(4), pp. 306-327.
  15. The public procurement system : a business sector perspective Budak, Jelena and Rajh, Edo, 2016. In J. Ateljević i J. Trivić (Eds.), Economic development and entrepreneurship in transition economies : issues, obstacles and perspectives, pp. 73-90. New York : Springer.
  16. Mind the gap: citizens' and companies' views of business culture in Croatia Budak, Jelena, Edo Rajh and Paul Stubbs, 2013, Croatian Economic Survey, 15 (1), pp. 89─114. 
  17. Bureaucratic monopoly and the nature and timing of bribes: evidence from Croatian data Goel, Rajeev K., Jelena Budak and Edo Rajh, 2013, Comparative Economic Studies, 55 (1), pp. 43─58.
  18. Do Croatian highways have to be given in a concession? Grubišić Šeba, Mihaela, 2013, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 64 (6), pp. 630─660. 
  19. The role of EU funds in encouraging entrepreneurship Grubišić Šeba, Mihaela, 2013, Učenje za poduzetništvo, 3 (2), pp. 76─88. 
  20. Assessment of the efficiency of Croatia compared to other European countries using data envelopment analysis with application of window analysis Škuflić, Lorena, Danijela Rabar and Bruno Škrinjarić, 2013, International Journal of Sustainable Economy, 5 (1), pp. 104─123.
  21. Factors driving bribe payments: survey evidence from Croatia Goel, Rajeev K., Jelena Budak and Edo Rajh, 2012, Transition Studies Review, 19 (1), pp. 13─22. 
  22. Towards efficient public sector asset management Grubišić, Mihaela, Mustafa Nušinović and Gorana Roje, 2009, Financial Theory and Practice, 33 (3), pp. 329─362. 
  23. New institutional economics and institutional convergence Budak, Jelena and Marijana Sumpor, 2009, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 60 (3─4), pp. 168─195. 
  24. Few questions on free zones in the Republic of Croatia and one answer Starc, Nenad and Jelena Budak, 2009, Ekonomska misao i praksa, 28 (1), pp. 129─150. 
  25. Environmental versus social externalities and life satisfaction: a cross-country investigation Goel, Rajeev K. and Jelena Budak, 2008, Privredna kretanja i ekonomska politika, 18 (114), pp. 28─49.
  26. The role of sovereign wealth funds in the world's financial market Grubišić, Mihaela, 2008, Računovodstvo i financije, LIV (7), pp. 72─78.
  27. Indices of economic freedom as a measure of Croatia's institutional convergence to the EU Baletić, Zvonimir and Jelena Budak, 2007, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 58 (12), pp. 804─825. 
  28. Smoking patterns in Croatia and comparisons with European nations Goel, Rajeev K. and Jelena Budak, 2007, Central European Journal of Public Health, 15 (3), pp. 110─115. 
  29. Corruption in Croatia : perceptions rise, problems remain Budak, Jelena, 2007, Croatian economic survey, 9, pp. 35-68.
  30. Institutional development and good governance assesments in Croatia: An extended focus on corruption Aralica, Zoran and Jelena Budak 2006, International Journal of Entrepreneurship & Small Business, 2 (3), pp. 226─241.
  31. Corruption in Croatia: perceptions rise, problems remain Budak, Jelena, 2006, Croatian Economic Survey, 9, pp. 35─68. 
  32. Smoking prevalence and antismoking regulations in transition countries Budak, Jelena, Rajeev K. Goel and Michael A. Nelson, 2006, Transition Studies Review, 13 (1), pp. 231─248.
  33. How corruption affects business results: the case of Croatia Budak, Jelena and Edo Rajh, 2006, Ekonomski vjesnik, 18 (1─2), pp. 5─16.
  34. Privatization in transition economies: privatization scale and country size Goel, Rajeev K. and Jelena Budak, 2006, Economic Systems, (30), pp. 98─110. 
  35. Corruption in transition economies: effects of government size, country size and economic reforms Goel, Rajeev K. and Jelena Budak, 2006, Journal of Economics and Finance, 30 (2), pp. 240─250. 
  36. The assessment of psychometric characteristics of a scale for measuring corruption perceptions Rajh, Edo and Jelena Budak, 2006, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 57 (5─6), pp. 307─320.


Show more
  1. Corruption as an obstacle to efficiently fighting the COVID-19 pandemic, 2021–2022 Commissioned by: The Institute of Economics, Zagreb
    Project manager: Bruno Škrinjarić
  2. Transparency and management of public finances, 2019 Commissioned by: Hanns Seidel Stiftung Office in Zagreb
    Project manager: Dubravka Jurlina Alibegović
  3. The connection between electronic business and combating gray economy in Croatia – E-PAY, 2016–2017 Commissioned by: Komunikacijski laboratorij d.o.o. (VISA)
    Project manager: Jelena Budak
  4. Public interest not for sale – PINS II, 2016–2017 Commissioned by: Central Finance and Contracting Agency (CFCA), Republic of Croatia
    Project manager: Irena Đokić
  5. Evaluation Helpdesk, 2015–2018 Commissioned by: Applica sprl
    Project manager: Marijana Sumpor
  6. Extended model of online PRIvacy CONcern (PRICON), 2014–2019 Commissioned by: Croatian Science Foundation
    Project manager: Jelena Budak
  7. Feasibility study of implementing scientific research project “Social costs in the field of combating drugs abuse in Croatia”, 2016 Commissioned by: The Government of the Republic of Croatia – Office for Combating Narcotic Drug Abuse
    Project manager: Sunčana Slijepčević
  8. Evaluation of the National Strategy for the creation of an enabling environment for the development of civil society 2012–2016, 2016 Commissioned by: Government Office for Cooperation with NGOs
    Project manager: Marijana Sumpor
  9. The determinants of a business climate in Croatia ─ the value system and citizens’ attitudes, 2014 Commissioned by: EIZ Club
    Project manager: Edo Rajh
  10. Evaluation of the effectiveness of public expenses in the field of combating drug abuse in the Republic of Croatia – Effectiveness, 2013–2014 Commissioned by: Government of the Republic of Croatia, Office for Combating Drugs Abuse of the Government of the Republic of Croatia
    Project manager: Dubravka Jurlina-Alibegović
  11. Survey on corruption and crime affecting the business sector in Croatia, 2012–2013 Commissioned by: United Nations Office on Drugs and Crime
    Project manager: Jelena Budak
  12. Survey on privacy and surveillance, 2011–2013 Commissioned by: The Institute of Economics, Zagreb
    Project manager: Jelena Budak
  13. Public administration reform in Croatia, 2011 Commissioned by: Friedrich Ebert Stiftung
    Project manager: Jelena Budak
  14. Household survey on experience of corruption and other forms of crime in Croatia, 2010–2011 Commissioned by: United Nations Office on Drugs and Crime (UNODC)
    Project manager: Jelena Budak
  15. ISCH COST Action IS0807: Living in surveillance societies (LiSS), 2009–2013 Commissioned by: European Union through COST Programme (COST – European Cooperation in Science and Technology)
    Project manager: Jelena Budak
  16. Development and implementation of legal information system in Croatia: market analysis, 2008 Commissioned by: European Commission
    Project manager: Sonja Radas
  17. State subsidies for student nutrition and accommodation, 2008 Commissioned by: Ministry of Science, Education and Sports
    Project manager: Sandra Švaljek
  18. Strategic plan for the long term development of existing free zones in Croatia, 2007 Commissioned by: European Commission
    Project manager: Nenad Starc 
  19. The effects of price changes in telecommunication market on economy and consumers, 2006 Commissioned by: Croatian Regulatory Authority for Network Industries
    Project manager: Valerija Botrić
  20. An integrated model of public asset management in Croatia, 2006 Commissioned by: Croatian Privatization Fund
    Project manager: Mustafa Nušinović
  21. Croatian pension system with focus on the role and functions of REGOS, 2005 Commissioned by: The Central Registry of Affiliates (REGOS)
    Project manager: Mustafa Nušinović