Ease of doing business in the euro area

Erik Canton and Marta Petrucci

Quarterly Report on the Euro Area (QREA), 2017, vol. 16, issue 2, 21-29

Abstract: This section looks at how easy it is to do business in euro area countries. Like the EU as a whole, the euro area has made progress with business regulation and the quality of public administration over recent years. However, substantial differences remain across the area. In the context of the European Semester, the policy area business regulation and quality of public administration is still generating a high number of country-specific recommendations, whose implementation has been quite slow, especially compared to other areas. Countries with a better business environment have enjoyed a more resilient recovery. A better business environment can increase economic performance through its effect on investment, but there are other transmission mechanisms at work as well, i.e. firm dynamics (entry, upscaling and exit of firms) and allocative efficiency.

Keywords: structural reforms; business regulation; quality of public administration; allocative efficiency (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:euf:qreuro:0162-02

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