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

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 Details
Main Authors: Broadman, Harry G., Anderson, James, Claessens, Constantijn A., Ryterman, Randi, Slavova, Stefka, Vagliasindi, Maria, Vincelette, Gallina A.
Language:English
en_US
Published: Washington, DC: World Bank 2004
Subjects:ACCOUNTING, ACCOUNTING STANDARDS, AGRICULTURE, ANNUAL SALES, ASSETS, AUDITS, BANKRUPTCY, BARRIERS TO ENTRY, BUSINESS ASSOCIATION, BUSINESS ASSOCIATIONS, BUSINESS ENVIRONMENT, BUSINESS SECTOR, CAPITALIZATION, COMMAND ECONOMIES, COMMERCIAL DISPUTE, COMMERCIAL DISPUTE RESOLUTION, COMPETITION POLICY, CONTRACT ENFORCEMENT, CONVENTIONAL WISDOM, COUNTRIES MUST, COURT, COURT OFFICIALS, DEBT, DISCLOSURE, ECONOMIC ACTIVITY, ECONOMIC BARRIERS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC REFORM, ECONOMIC STABILITY, ENTERPRISE OWNERSHIP, EXPORTS, FINANCIAL INFORMATION, FISH, FIXED ASSETS, FOREIGN AID, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, GDP, GOVERNMENT REFORM, GOVERNMENT SUBSIDIES, GROSS DOMESTIC PRODUCT, GROWTH RATE, HIGH UNEMPLOYMENT, HORIZONTAL INTEGRATION, INCOME, INSTITUTIONAL DEVELOPMENT, INSTITUTIONAL ENVIRONMENT, INSTITUTIONAL REFORM, INSTITUTIONAL REFORMS, INTERNATIONAL ACCOUNTING STANDARDS, INVESTMENT CLIMATE, JUDICIAL CORRUPTION, LAWS, LEGAL SYSTEMS, LEGISLATION, LIQUIDATION, MARKET ECONOMY, PARTIAL PRIVATIZATION, PERFORMANCE INDICATORS, POLICY IMPLICATIONS, POVERTY ALLEVIATION, PRIVATE SECTOR DEVELOPMENT, PROFIT MARGINS, PROFITABILITY, PROPERTY RIGHTS, PUBLIC SERVICES, REAL SECTOR, STATEMENTS, SUBSIDIARY, SUSTAINABLE GROWTH, SWAPS, TOTAL OUTPUT, TRADE LIBERALIZATION, TRANSITION ECONOMIES, TRANSPARENCY, UNEMPLOYMENT,
Online Access:http://documents.worldbank.org/curated/en/2004/05/4384993/buildings-market-institutions-south-eastern-europe-comparative-prospects-investment-private-sector-development
https://hdl.handle.net/10986/14947
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