Ease of doing business and FDI in the ex-socialist countries

Jovanovic, Branimir; Jovanovic, Biljana

doi:10.1007/s10368-017-0377-3

Cited by 35 publications

(23 citation statements)

References 30 publications

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“…From our descriptive analysis we found that GDP per capita in Africa is the lowest followed by those of Latin America and the OECD. These results were expected due to the particularities of the chosen groups as attested by Gasmi et al (2013) and Jovanovic and Jovanovic (2018). In fact, the average GDP per capita of OECD countries is even higher than the highest GDP per capita of both African and Latin American countries.…”

Section: Discussionmentioning

confidence: 74%

The doing business ranking and the design of public policies: the effect of regional dynamics

Estevão

Lopes

Penela

2020

Economic Research-Ekonomska Istraživanja

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The challenge of creating a favourable business environment has motivated academics, international institutions and policy makers. An initiative that has recently been established to facilitate this path has involved the creation of ordered lists that classify the environment around companies and the ease of doing business. The World Bank's DB measure is one such ranking system. This type of ranking has supported much research and many political decision-making processes. However, it is not common in these analyses to consider regional dynamics and how the results of such rankings and investigations should be interpreted considering regional specificities. The objective of this study is to evaluate the business environment and the production of wealth while considering the impacts of these regional dynamics. In particular, we study whether the DB sub-indicators are equally important regardless of a region's level of economic development. The results are clear with evident configurations of dominant sub-indicators that are distinct in three regions. Our results show us that these rankings, and the design of public policies based on them, should consider regional specificities, thus refuting the idea that the design of public policies to improve the framework for companies should follow a "one fits all" intervention model.

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Section: Discussionmentioning

confidence: 74%

The doing business ranking and the design of public policies: the effect of regional dynamics

Estevão

Lopes

Penela

2020

Economic Research-Ekonomska Istraživanja

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“…Vogiatzoglou (2016) found that the measures taken by ASEAN countries in terms of business environment have an important impact on attracting foreign direct investment, among which effective business regulations are an important determinant. Jovanovic and Jovanovic (2018) used the world bank's business indicators as measurement criteria to explore whether business facilitation affected FDI in 27 former socialist countries [4]. Classical econometrics and Bayesian econometrics are used in the study.…”

Section: Foreign Research Topics and Directions On Business Environmentmentioning

confidence: 99%

The Context and Evolution of Business Environment Research: Based on the Review of Foreign Literature

Jiang¹,

Cao²

2020

Proceedings of the 5th International Conference on Social Sciences and Economic Development (ICSSED 2020)

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With the release of the global business environment report by the world bank every year, the research on business environment has attracted the attention of governments and more and more scholars, and has gradually become a research hotspot. Many countries have gradually realized that the construction of business environment plays an important role in the economic development of a country or region, which is considered as an important embodiment of regional economic soft power and international market competitiveness. This paper systematically combs the foreign literature related to business environment in the literature, so as to provide reference for future research.

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“…At country level, there are limited studies dedicated to Russia as a single subject but as one of BRICS, Eurasian or ex-socialist countries etc. (Deichmann, Eshghi, Haughton, Sayek, & Teebagey, 2003;Jadhav, 2012;Akhmetzaki & Mukhamediyev, 2017;Jovanovic & Jovanovic, 2018). But due to the country's strikingly skewed foreign investment distributions across 85 regions, the country level analysis can over-generalize determinants of the top recipients' regions.…”

Section: Problem Statementmentioning

confidence: 99%