The impact of economic crisis on the ease of doing business in the Western Balkans countries

Nikoloski, Dimitar and Micalevska, Tatjana (2012) The impact of economic crisis on the ease of doing business in the Western Balkans countries. In: International scientific conference “Researching Economic Development and Entrepreneurship in Transition Economies” (REDETE), October 25-27, 2012, Banja Luka.

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The region of Western Balkans is often considered as lagging reformer compared with the more developed transition countries. The private sector that mainly consists of small and medium sized enterprises is still not strong enough to bear the development in the region and to absorb the huge mass of unemployed workers. Some of them were transformed as a result of privatisation of the previous state owned companies while others were established as new start-ups. The governments in the Western Balkans countries by recognizing the importance of the private sector for the economic growth, committed themselves to take actions in order to improve the business climate and institutional infrastructure. The recent economic crisis has affected all economies in the world and is manifested by decline in their GDP growth rates and industrial production indices, increased unemployment and unfavourable tendencies in their balances of payments. The Western Balkan countries which are characterised by low industrialisation and small capital base are supposed to suffer the most. In this context we pose several research questions: What are the factors that influence the business climate? How can be identified the comparative business advantages and disadvantages? Which policies can be implemented to achieve greater development? The aim of this paper is to compare the ease of doing business in Western Balkan economies from different aspects such as starting up business, registering property, getting credit, paying taxes, closing business, getting electricity, employing workers etc. before the economic crisis and afterwards. Furthermore, we intend to identify the effectiveness of reforms taken in these countries and their policy implications. The analysis of the relevant factors that lead to best performances will be carried out by using various quantitative techniques such as econometric modeling of panel data. Accordingly, we will formulate policy measures that Western Balkans countries can apply in order to improve their business environment which is conductive to higher levels of economic growth. With respect to this, we will take into account the possible limitations in this research, such as the availability of data, their quality and validity, as well as the different starting positions of different countries.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 11 Dec 2019 11:15
Last Modified: 11 Dec 2019 11:15

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