Business Excellence, Vol. 15 No. 1, 2021.
Original scientific paper
https://doi.org/10.22598/pi-be/2021.15.1.23
DETERMINING FACTORS OF BUSINESS ENVIRONMENT REFORMS: DO THEY DIFFER BETWEEN OLD AND NEW EU MEMBER STATES?
Valentina Vučković
orcid.org/0000-0002-5438-0665
; Faculty of Economics and Business, University of Zagreb, Croatia
Abstract
The paper brings an empirical research of various elements as explanatory
factors of business environment reforms. Using the panel data model, the paper
investigates the effects of macroeconomic conditions, political institutions and
international factors on business environment reforms. The econometric analysis is
performed on a panel dataset of European Union member states for the period between
1995 and 2017. Additionally, by clustering countries into new and old EU member states,
analysis was also conducted for these two sub-panels. The obtained results confirm that
business environment reforms depend on a number of factors, and that these differ
between old and new EU member states.
Keywords
business environment; product market reforms; European Union; NMS, EU15
Hrčak ID:
257988
URI
Publication date:
1.6.2021.
Visits: 1.519 *