Doing Business in the Czech Republic - an Assessment of Institutional Quality

The paper presents results of World Bank survey in 2005 undertaken within the project Doing Business, with special regard to the Czech Republic position. Doing business conditions are assessed particularly according to the regulation burden and its impacts on entrepreneurship. The structure follows ten indicators of doing business conditions covered in the survey in 2005: starting and closing a business, dealing with licenses, hiring and firing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts. The paper includes explanation of the specific features of the Czech Republic legislation, and already undertaken, recommended or prepared changes directed to improvement of most critical points. Moreover, there are presented the relations between regulation quality and other economic and institutional indicators: tax burden, economic freedom and corruption levels.