Comparative Assessment of the Degree of Markets Openness based on Open Markets Index for Bulgaria, Romania and Slovakia
Comparative Assessment of the Degree of Markets Openness based on Open Markets Index for Bulgaria, Romania and Slovakia

Summary/Abstract: Quantified multi-criteria models have increasingly wider applicability, with them we can assesses the current state of national and regional economies. This is done through the application of strictly stratified methodological apparatus that composes targeted certain empirical basis, objectively necessary for the ranking of countries according to the accumulated final results. The main idea of present paper is to consider the economic model of the International Chamber of Commerce (ICC), which allows evaluate the degree of openness of themarkets based on four groups of indicators:Observed openness to trade, trade policy, FDI openness and Infrastructure for trade. The study is based in comparison to trace individual indicators, which form the final evaluation, based on Open Markets Index, which is the complex indicator of the openness of the markets in Bulgaria, Romania and Slovakia. Countries subject to analysis are selected on two main features: they belong to the socialist model of government until 1989, and their current full membership in the EU-28.

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