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Buildings Market Institutions in South Eastern Europe : Comparative Prospects for Investment and Private Sector Development

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Author Info

  • Harry G. Broadman
  • James Anderson
  • Constantijn A. Claessens
  • Randi Ryterman
  • Stefka Slavova
  • Maria Vagliasindi
  • Gallina A. Vincelette

Abstract

This report studies impediments to investment and private sector development in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the former Yugoslav Republic of Macedonia, Moldova, Romania, and Serbia and Montenegro. It aims to yield fundamentally new insights for improving the region's business environment, economic development, and prospects for growth. It focuses on four core topics: 1) Business competition and economic barriers to entry and exit; 2) Access to regulated utilities and services; 3) Corporate ownership, transparency of business accounts, and access to finance; and 4) Mechanisms for commercial dispute resolution. Each topic is empirically investigated across all eight South Eastern European countries through the systematic use of data from multiple sources: Official data from each country in the region; results from two annual rounds of quantitative, firm-level surveys covering 1,600 firms; and results from 40 originally developed enterprise-level business case studies. The result is an innovative analysis of cross-country comparisons and the development of key policy challenges from a regional perspective. The report ends by making concrete recommendations for reforms that would ease the constraints on domestic and foreign investment, an essential step in sustaining growth and reducing poverty in the region.

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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 14947 and published in 2004.

ISBN: 0-8213-5776-X
Handle: RePEc:wbk:wbpubs:14947

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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Banks and Banking Reform Economic Theory and Research International Terrorism and Counterterrorism Environmental Economics and Policies Governance - Governance Indicators Finance and Financial Sector Development;

References

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  1. Fafchamps, Marcel, 1996. "The enforcement of commercial contracts in Ghana," World Development, Elsevier, Elsevier, vol. 24(3), pages 427-448, March.
  2. Messick, Richard E, 1999. "Judicial Reform and Economic Development: A Survey of the Issues," World Bank Research Observer, World Bank Group, World Bank Group, vol. 14(1), pages 117-36, February.
  3. Abhijit Banerjee & Esther Duflo, 1999. "Reputation Effects and the Limits of Contracting: A Study of the Indian Software Industry," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 99-14, Massachusetts Institute of Technology (MIT), Department of Economics.
  4. Woodruff, Christopher, 1998. "Contract enforcement and trade liberalization in Mexico's footwear industry," World Development, Elsevier, Elsevier, vol. 26(6), pages 979-991, June.
  5. Frye, Timothy & Zhuravskaya, Ekaterina, 2001. "Rackets, Regulation and the Rule of Law," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2716, C.E.P.R. Discussion Papers.
  6. Hendley, Kathryn & Murrell, Peter, 2003. "Which mechanisms support the fulfillment of sales agreements?: Asking decision-makers in firms," Economics Letters, Elsevier, Elsevier, vol. 78(1), pages 49-54, January.
  7. Clay, Karen, 1997. "Trade without Law: Private-Order Institutions in Mexican California," Journal of Law, Economics and Organization, Oxford University Press, Oxford University Press, vol. 13(1), pages 202-31, April.
  8. McMillan, John & Woodruff, Christopher, 1999. "Dispute Prevention without Courts in Vietnam," Journal of Law, Economics and Organization, Oxford University Press, Oxford University Press, vol. 15(3), pages 637-58, October.
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Citations

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Cited by:
  1. World Bank, 2005. "El Salvador : Investment Climate Assessment, Volume 2, Detailed Findings and Recommendations," World Bank Other Operational Studies, The World Bank 8670, The World Bank.
  2. World Bank, 2005. "El Salvador : Investment Climate Assessment, Volume 1, Main Findings and Policy Recommendations," World Bank Other Operational Studies, The World Bank 8673, The World Bank.
  3. Gary A. Dymski, 2013. "The Crisis of the Core Seen through the Eyes of the Periphery: A Schelling Model of the Global-South Megacity and the European Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(4), pages 433-455, June.

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