The Impact of Business Environment Reforms on Firms’ Performance in Transition Economies

George Berulava and Teimuraz Gogokhia

MPRA Paper from University Library of Munich, Germany

Abstract: The study investigates the impact of business environment on export performance of individual firms in transition economies. For these goals, the study utilizes the firm-level data from the Business Environment and Enterprise Performance Survey (BEEPS V round) across 28 transition economies. Applying the modified CDM model the paper examines the structural link between the business environment reforms, firm R&D, innovation, labor productivity, and export performance. The model was estimated sequentially, step-by-step. The estimates of the structural model, generally, proved our hypothesis about the impact of business environment reforms on the relationships between R&D investments, innovation, labor productivity and export performance. This study also supports the early findings that R&D is an important determinant of innovation, that innovation is a driver of labor productivity and that labor productivity, in turn, substantially increases the probability of firm’s participation at export markets.

Keywords: Business environment reforms; R&D; Innovation; Productivity; Export; Transition economies (search for similar items in EconPapers)
JEL-codes: D22 O12 O31 O38 P31 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-bec, nep-eff, nep-sbm, nep-tid and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:106327

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