Abstract
This study attempts to find a significant relationship between macroeconomic performance and the Ease of Doing Business indicators. The Principal Components Analysis method was utilized to reduce the macroeconomic performance indicators into fewer dimensions for multinational companies to easily refer to in assessing the business environment and economic performance of a country. Results show that the changes in the principal components can explain 73% of the total variations in the Ease of Doing Business (data to frontier) score. Among the four principal components, ‘economic growth’ had the highest positive impact on the ease of doing business. However, an adverse effect is expected when ‘economic growth’ is more than doubled.
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