After a long period in which state-led development was the dominant economic paradigm, since the 1980s private sector development has been the focus for economic policy makers. It is probably no coincidence that economic growth, stagnant for a few decades in much of the developing world, took...

The business environment goes a long way to influence firm performance through several channels such as government policies and regulations, institutions, infrastructure, and macroeconomic variations. With developing countries known for having the most deteriorating business climate, this study...