What are the main obstacles for the business in Kazakhstan and how do firms' characteristics affect the probability of facing them?

Abstract

Conducive business environment significantly contributes to the economic growth of any country. Governments constantly work towards creating a favorable business environment by enhancing business strategies, improving technologies and simplifying business processes. However, businesses are still forced to fight with a variety of obstacles on their path. A purpose of this paper is to explicate how firms’ characteristics affect the probability to face any potential barrier in Kazakhstan. The regression built during this research is a way to analyze the likelihood of occurrence of particular barriers based on firms’ characteristics. Evidence is reported from the 2019 World Bank Enterprise Survey and is being used as a secondary data for building a model. The model draws attention to the obstacles from the characteristics angle while the lessons learnt may serve as a ground for future research dedicated to analyzing business related aspects.