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The regulation of entry : a survey (English)

Simplifying entry regulation has been a popular reform since the publication of Djankov and others (2002). The inclusion of business entry indicators in the World Bank's doing business project has led to acceleration in reform: in 2003-08, 193 reforms took place in 116 countries. A large academic literature has followed: 201 academic articles have used the data compiled by the author and others (2002) and subsequently by the World Bank. The author identifies three theories as to why some countries impose burdensome entry requirements. He also surveys the literature on the effects of making business entry easier.

Details

  • Author

    Djankov,Simeon

  • Document Date

    2009/05/13

  • Document Type

    Journal Article

  • Report Number

    76797

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2013/05/13

  • Disclosure Status

    Disclosed

  • Doc Name

    The regulation of entry : a survey

  • Keywords

    entry regulation;Finance & Private Sector Development;corruption;regulation of entry;business entry;investment in capital stock;Index of Economic Freedom;red tape;minimum capital requirement;per capita gnp;high entry barrier;foreign direct investment;real growth rate;entry rate;law and economics;public choice theory;public interest theory;total factor productivity;output per worker;entry cost equal;area of law;types of regulation;area of regulation;health and environment;Innovation and Productivity;small business economics;terms of research;barrier to entry;general tax revenues;measure of trust;effect of regulation;market entry cost;electricity and gas;cost of entry;total wage bill;impact on productivity;gnp per capita;measure of corruption;telecommunications and postal;investment rate;regulatory burden;comparative economics;standard deviation;Business Registry;Business Registration;financial economics;Business Regulation;Entrepreneurship;entry procedure;employment growth;entrepreneurial activity;property right;productivity growth;negative effect;Retail Sector;cross-country data;political power;panel data;social optimum;technological frontier;equilibrium level;Labor Law;company registry;public perception;pulp industry;empirical literature;citation index;high employment;product quality;democratic society;cross-country regression;entry requirement;bureaucratic procedure;successful innovation;productivity increase;reform analysis;Labor Market;road freight;double dividend;firm entry;Political Economy;Debt Enforcement;corporate taxation;corporate finance;bureaucratic delay;international competition;communication sector;political science;high-entry industry;management science;business start-ups;positive impact;trading volume;trading partner;trade flow;bottom quartile;product market;individual data;municipality government;Job Creation;company registration;wage earner;price level;price decline;increased competition;existing business;registered business;federal level;democratic government;federal government;market mechanism;raising capital;investor protection;electronic registration;turnover data;natural barrier;global demand;incorporation decision;registration fee;digital signature;tax authority;tax authorities;business license;electronic signature;waiting time;empirical evidence;creative destruction;modern economy;refereed journal;government spent;limited resources;commercial risk;judicial process;monopoly power;unregulated market;transition economy;Transition economies;democratic country;market power;online registration;rejection rate;commercial dispute;regulatory capture;civil court;processing time;predatory practice;central planning;failure rate;business decision;legal origin;political opposition;Social Welfare;rent seeking;political process;equity holder;campaign contribution;cross-country comparison;industrial activity;alternative route;Toll Road;political equilibrium;recovery rate;government issue;market failure;primary reason;average productivity;Higher Education;increased openness;future productivity;deregulation policy;informal business;endogenous regressor;social security;productivity differences;cross-country analyses;cross-country evidence;

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Citation

Djankov,Simeon

The regulation of entry : a survey (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/841441468314678756/The-regulation-of-entry-a-survey