REGULATORY PREDICTABILITY AND INSTITUTIONAL STABILITY AS FACTORS OF ECONOMIC COMPETITIVENESS

Abstract

This study analyzes the relationship between regulatory predictability, institutional stability, and economic competitiveness, based on the premise that stable and predictable regulatory environments constitute structural elements of sustainable economic development. In contexts characterized by normative volatility, inconsistent administrative decisions, and regulatory instability, there is an increase in legal uncertainty, higher compliance costs, and a reduction in productive investments. The research adopts a qualitative approach and an analytical-deductive method, grounded in the literature on administrative governance, institutional economics, and legal certainty. It argues that regulatory predictability is not limited to normative clarity, but also involves decisional coherence, interpretative stability, and institutional rationality. Institutional stability strengthens the confidence of economic agents, reduces systemic uncertainties, and enhances national competitiveness in globalized economic environments. The study concludes that administrative governance plays a central role in consolidating reliable regulatory structures, thus constituting a strategic factor for economic competitiveness and long-term investment attraction.