Conducted by BatStateU
, Started on 2013 -
Completed on 2014
Completed
Published
Copyrighted
Total Page Views : 682
Total Likes : 115
Like
- Economic activity requires a streamlined regulatory environment and effectual policies
that are transparent and accessible to all. The study aimed to explain the effect of ease of doing business
to economic growth among selected economies in Asia for the year 2014. The study covered 29
economies in East Asia, Southeast Asia, and South Asia. Ease of doing business is determined by the ten
Doing Business indicators (DBI) of the World Bank. In the study, Gross Domestic Product (GDP) was
used as the proxy variable for economic growth. Descriptive research was the research design used.
Multiple regression determined the effect of doing business to economic growth.
Compared to other economies, Singapore has the best regulatory performance. It achieved the easiest
to do business to five indicators, namely, Starting Business, Registering Property, Protecting Investors,
Trading Across Borders, and Enforcing Contracts. In addition, China showed the highest economic
growth. The study found out that the variations in ease of doing business was explained by dealing with
construction permits, getting credit, registering property and trading across borders. Dealing with
construction permits and getting credit have negative effect to Gross Domestic Product while registering
property and trading across borders have positive effect. Trading across borders greatly affect gross
domestic product among selected countries in Asia.
The research proposed inputs to policy which may increase the awareness of local government units
of different economies on the simplification of the policies of the different components used in measuring
doing business.