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The Ease of Doing Business in the ESG Framework at World Level

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  • Costantiello, Alberto
  • Leogrande, Angelo

Abstract

In this article, we estimate the variable Ease of Doing Business-EDB in the context of Environmental, Social and Governance-ESG model. We use data from ESG World Bank dataset. We have used data from 193 countries in the period 2011-2020. The level of EDB is positively associated, among others, to “Individuals Using the Internet”, “Government Effectiveness”, “Cooling Degree Days”, and negatively associated to “Agriculture, Forestry, and Fishing, Value Added”, “Forest Area” and “Strength of Legal Rights Index”. Furthermore, we have applied a cluster analysis with the application of the k-Means algorithm optimized with the Elbow Method and we have found the presence of four clusters. Finally, we have proposed a confrontation among eight different machine-learning algorithms to predict the future value of EDB. We have found that Linear Regression is the best algorithm and that the level of EDB is expected to improve of 1.66% for the analysed countries.

Suggested Citation

  • Costantiello, Alberto & Leogrande, Angelo, 2023. "The Ease of Doing Business in the ESG Framework at World Level," MPRA Paper 117086, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117086
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    References listed on IDEAS

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    1. Packirisamy Natarajan & Mohammad Tanzeem Raza, 2017. "An Analytical Investigation On Ease Of Doing Business In India," Journal of Smart Economic Growth, , vol. 2(2), pages 46-69, May.
    2. Estevão, João & Lopes, José Dias & Penela, Daniela & Soares, José Miguel, 2020. "The Doing Business ranking and the GDP. A qualitative study," Journal of Business Research, Elsevier, vol. 115(C), pages 435-442.
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    Cited by:

    1. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Role Of Gdp Growth In The Esg Approach At World Level," SocArXiv r56hu, Center for Open Science.
    2. Leogrande, Angelo & Costantiello, Alberto, 2023. "The Impact of Government Expenditure on Education in the ESG Models at World Level," MPRA Paper 117216, University Library of Munich, Germany.

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    More about this item

    Keywords

    Analysis of Collective Decision-Making; General; Political Processes: Rent-Seeking; Lobbying; Elections; Legislatures; and Voting Behaviour; Bureaucracy; Administrative Processes in Public Organizations; Corruption; Positive Analysis of Policy Formulation; Implementation;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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