Firm Performance and Obstacles to Doing Business in the Western Balkans: Evidence from the BEEPS

22 Pages Posted: 7 Feb 2018

See all articles by Ana Kresic

Ana Kresic

European Bank for Reconstruction and Development (EBRD)

Jakov Milatovic

European Bank for Reconstruction and Development (EBRD)

Peter Sanfey

European Bank for Reconstruction and Development (EBRD)

Date Written: January 31, 2017

Abstract

Using the responses in the latest round of the Business Environment and Enterprise Performance Survey (BEEPS) of approximately 1,800 business owners and senior managers in the Western Balkans, this paper examines the linkages between firm performance and perceived obstacles to doing business. We find that unfair competition from the informal sector is the main concern, although other obstacles also adversely affect firm performance. The paper highlights the need to tackle more rigorously all sorts of informality, not only in the context of unfair competition, but also for the sustainability of public finances.

Keywords: Western Balkans, BEEPS, Firm Performance, Business Environment

JEL Classification: F1; P0

Suggested Citation

Kresic, Ana and Milatovic, Jakov and Sanfey, Peter, Firm Performance and Obstacles to Doing Business in the Western Balkans: Evidence from the BEEPS (January 31, 2017). EBRD Working Paper No. 200, Available at SSRN: https://ssrn.com/abstract=3119154 or http://dx.doi.org/10.2139/ssrn.3119154

Ana Kresic

European Bank for Reconstruction and Development (EBRD) ( email )

One Exchange Square
London, EC2A 2EH
United Kingdom

Jakov Milatovic

European Bank for Reconstruction and Development (EBRD) ( email )

One Exchange Square
London, EC2A 2EH
United Kingdom

Peter Sanfey (Contact Author)

European Bank for Reconstruction and Development (EBRD) ( email )

One Exchange Square
London, EC2A 2JN
United Kingdom
+44 20 7338 6227 (Phone)
+44 20 7338 6110 (Fax)

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