Ease of doing business and GDP per capita (ppt slide) Due to their many faces, measuring the quality of economic structures is not straightforward. One common measure is the World Bank's ‘Doing Business’ indicator, which compares the ease of doing business across countries. From the graph we see correlation between the indicator and GDP per capita.
There is also some evidence that those euro area countries that had better functioning institutions recovered faster from the latest financial crisis.6 The indicator also reveals large differences in the ease of doing business across euro area Member States. Whereas the best performers are close to the global top performers,7 the weakest Member States are hardly in the global top 50.