Abstract

Luis Amador-Jimenez* and Christopher Willis

Business climate, particularly ease of doing business, is a key factor to attract investments and expand business in any nation. There is, however, a lack of understanding of the significance of individual factors of overall ease of doing business. This paper quantifies the significance of business practices that encourage productivity and human development through the use of a maturity approach. Results suggest that businesses will choose those nations where importing and exporting is easy and inexpensive, filling income tax is simple and tax rates are low. Also, more businesses will open if credit is easily accessible and labor laws are reasonable.