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Regulatory Policy in Ukraine: Current State and What Should be Done to Improve the Business Environment

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  • Ewa Balcerowicz
  • Oleg Ustenko

Abstract

The regulatory environment for businesses in Ukraine has been considered unfavorable and market unfriendly. Although various governments have made numerous efforts to improve it, many of these attempts have failed and increasing the quality of the regulatory environment in the country still remains on the agenda of the government. With this report we claim to review a set of measures undertaken in Ukraine after the Orange Revolution in the area of deregulation of business activity. The paper analyzes the effectiveness of actions undertaken in Ukraine in a general framework of successful regulatory policies implemented in other parts of the world. Based on this analysis we developed concrete public policy measures aiming to increase the quality of the regulatory environment in the country, which, in turn, should secure Ukraine’s further movement toward a real, functioning market economy.

Suggested Citation

  • Ewa Balcerowicz & Oleg Ustenko, 2006. "Regulatory Policy in Ukraine: Current State and What Should be Done to Improve the Business Environment," CASE Network Studies and Analyses 0324, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0324
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    References listed on IDEAS

    as
    1. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2002. "The Regulation of Entry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 1-37.
    2. Vladimir Dubrovskiy, 2006. "Towards Effective Anti-Corruption Strategies in Ukraine: Removing the Cornerstone without Toppling the Building," CASE Network Studies and Analyses 0322, CASE-Center for Social and Economic Research.
    3. Demsetz, Harold, 1982. "Barriers to Entry," American Economic Review, American Economic Association, vol. 72(1), pages 47-57, March.
    4. C.C. von Weizsaker, 1980. "A Welfare Analysis of Barriers to Entry," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 399-420, Autumn.
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    Cited by:

    1. Marek Dabrowski, 2007. "Ukraine at a Crossroads," CASE Network Studies and Analyses 0350, CASE-Center for Social and Economic Research.
    2. International Finance Corporation, 2014. "Ukraine : Opportunities and Challenges for Private Sector Development," World Bank Publications - Reports 16711, The World Bank Group.

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