Analysis of the Western Balkans Territories Using the Index of Economic Freedom
Elena Kašťáková – Andrea Chlebcová
Abstract
The aim of the paper is to assess the current state of economic freedom in the Western Balkans region using the Index of Economic Freedom. From the Western Balkans territories, the best rating in the observed period of 2010 – 2019 is achieved by the Republic of North Macedonia and the worst by Bosnia and Herzegovina. Ac-cording to the 2020 Index of Economic Freedom, the region belongs to the group of moderately free economies. The investment and business environment of the West-ern Balkans is at a low level. The reason is poor law enforcement, corruption, orga-nized crime, or the shadow economy.
Keywords: Index of Economic Freedom, investment and business environment, region, Western Balkans
JEL Classification: F14, F19
DOI: https://10.2478/stcb-2020-0013
Received: 4.11.2020 Accepted: 7.12.2020 Published: 31.12.2020
How to cite this (APA 7th edition):
Kašťáková, E., & Chlebcová, A. (2020). Analysis of the Western Balkans Territories Using the Index of Economic Freedom. Studia commercialia Bratislavensia: vedecký časopis Obchodnej fakulty Ekonomickej univerzity v Bratislave, 13(4), 320-329.
ISSN (online): 1339-3081
Publisher: Fakulty of Commerce, University of Economics in Bratislava
License:
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.