The impact of business environment reforms on new firm registration [electronic resource] / Leora Klapper
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TextPublication details: Washington, D.C., The World Bank, 2010Description: 1 online resource (30 p.)Subject(s): Business Environment | Business in Development | Business registration | Businesses | Competitiveness and Competition Policy | E-Business | Economic Development | Enterprise Development & Reform | Entrepreneurship | Environment | Environmental Economics & Policies | Environments | Private Sector | Private Sector Development | Reforms | Regulatory environment | ResultAdditional physical formats: Klapper, Leora.: The impact of business environment reforms on new firm registration.Online resources: Click here to access online Abstract: The authors use panel data on the number of new firm registrations in 92 countries to study how the magnitude of reforms affects new firm registrations. They find that small reforms, in general less than 40 percent reduction in costs, days, or procedures required for business registration, do not have a significant effect on new firm creation. This suggests that small reforms do not have the intended effect on private sector development. They also find important synergies in multiple reforms of two or more business environment indicators. Finally, they show that countries with relatively weaker business environments require relatively larger reforms in order to impact new firm growth. These results can be helpful to motivate policymakers to make larger, broader reforms.
The authors use panel data on the number of new firm registrations in 92 countries to study how the magnitude of reforms affects new firm registrations. They find that small reforms, in general less than 40 percent reduction in costs, days, or procedures required for business registration, do not have a significant effect on new firm creation. This suggests that small reforms do not have the intended effect on private sector development. They also find important synergies in multiple reforms of two or more business environment indicators. Finally, they show that countries with relatively weaker business environments require relatively larger reforms in order to impact new firm growth. These results can be helpful to motivate policymakers to make larger, broader reforms.
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