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Increase the Standard of Living of Regions by Increasing the Quality of the Business Environment

In: Advances in Panel Data Analysis in Applied Economic Research

Author

Listed:
  • Martin Buno

    (University of Zilina, Faculty of Operation and Economics of Transport and Communications)

  • Silvia Zadnanova

    (University of Zilina, Faculty of Operation and Economics of Transport and Communications)

  • Zuzana Stofkova

    (University of Zilina, Faculty of Operation and Economics of Transport and Communications)

Abstract

The business environment reflects the quality of the economic conditions of the state. Its gradual improvement is the best way to support small- and medium-sized enterprises and how to improve quality of living standards of regions. Oneof the ways on how to determine the quality of the business environment can be accomplished by selecting foreign markets by selection analysis. We will compare countries of Visegrad groups. We will compare these countries on the basis of ten criteria which can be divided into four bigger groups: political criteria, economical criteria, technological criteria, and legislative criteria. In this data, we will use input data for large-scale analysis of selection of second level. Based on this research, we will be able to see which business environment is the most attractive for new investors, new capital, and new jobs. All those factors are very important for every region. With the improvement of the business environment, we will improve the standard of living of the region.

Suggested Citation

  • Martin Buno & Silvia Zadnanova & Zuzana Stofkova, 2018. "Increase the Standard of Living of Regions by Increasing the Quality of the Business Environment," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Panel Data Analysis in Applied Economic Research, chapter 0, pages 357-365, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70055-7_28
    DOI: 10.1007/978-3-319-70055-7_28
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