The MCCI, in a press conference held on Thursday 29th January 2015, presented its findings on the impact of ‘Cost of Doing Business’ indicators on the growth rate in Mauritius.
Five key cost variables were identified and their impact on the growth rate in the country was analysed. It was found that if all necessary measures were taken, the economic growth rate could increase above the 6% level in the short to medium term, ceteris paribus.
The research paper considered each cost variable individually and found, for instance, that by reducing the cost of regulations for the creation of a business by one unit from 2.1% to 1.1% of the per capita income, the economy’s growth rate could be increased by 0.4%. This translates in an increase of $50M in the country’s Gross Domestic Product
The research paper can be found at: http://www.mcci.org/photos/CODB%20Report%20Jan%202015.pdf