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.
