International Economics and Economic Policy

, Volume 15, Issue 3, pp 587–627 | Cite as

Ease of doing business and FDI in the ex-socialist countries

  • Branimir Jovanovic
  • Biljana Jovanovic
Original Paper


This study investigates if ease of doing business, measured through the Doing Business indicators of the World Bank, affects foreign direct investment in 27 ex-socialist countries. Classical and Bayesian econometric techniques are employed. Results point out that there is a lot of uncertainty regarding the effects, with most of the indicators being either insignificant or lacking robustness. The only aspect of the business regulation that stands out as a robust determinant in the two estimations is the ease of trading across borders.


Doing business Business regulation Foreign direct investment Ex-socialist countries 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2017

Authors and Affiliations

  1. 1.Institute of Social Sciences and Humanities, Skopje, Republic of Macedonia, and CERGE-EIPragueCzech Republic
  2. 2.National Bank of the Republic of MacedoniaSkopjeRepublic of Macedonia

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