The Business Environment: Economic Reforms in the Context of Institutional Shortcomings

18 Pages Posted: 22 Nov 2019

See all articles by Rashad Hasanov

Rashad Hasanov

Centre for Economic and Social Development (CESD)

Dan Breban

Centre for Economic and Social Development (CESD)

Jafar Jafarov

Centre for Economic and Social Development (CESD)

Leyla Suleymanova

Centre for Economic and Social Development (CESD)

Date Written: April 12, 2019

Abstract

The existence of a well-functioning business environment is a key factor in the diversification of the economy, the efficient use of available resources and ensuring sustainable growth. The business environment, in its turn, should be regarded as a composite of conditions that incorporate quite complex components. If one or more of the composition components are not functioning appropriately, the result you will get is not adequate to the available capacity. The existence of contemporary institutions is the absolute requirement for a "good business environment", performing functions such as coordinating all other economic advantages, organizing appropriate arrangements, and risk management.

Keywords: Business Environment, Azerbaijan, Reforms, Oil Industry

JEL Classification: A1, G4

Suggested Citation

Hasanov, Rashad and Breban, Dan and Jafarov, Jafar and Suleymanova, Leyla, The Business Environment: Economic Reforms in the Context of Institutional Shortcomings (April 12, 2019). Available at SSRN: https://ssrn.com/abstract=3485593 or http://dx.doi.org/10.2139/ssrn.3485593

Rashad Hasanov (Contact Author)

Centre for Economic and Social Development (CESD)

No. (27), Pyay Road, 6½ Mile
Hlaing Township
Yangon
Myanmar

Dan Breban

Centre for Economic and Social Development (CESD)

No. (27), Pyay Road, 6½ Mile
Hlaing Township
Yangon
Myanmar

Jafar Jafarov

Centre for Economic and Social Development (CESD)

No. (27), Pyay Road, 6½ Mile
Hlaing Township
Yangon
Myanmar

Leyla Suleymanova

Centre for Economic and Social Development (CESD)

No. (27), Pyay Road, 6½ Mile
Hlaing Township
Yangon
Myanmar

Register to save articles to
your library

Register

Paper statistics

Downloads
5
Abstract Views
71
PlumX Metrics