How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control
This paper examines de jure and de facto
measures of regulations, finding the relationship between
them is neither one for one, nor linear. "Doing
Business" provides indicators of the formal time and
costs associated with fully complying with regulations.
Enterprise Surveys report the actual experiences of a wide
range of firms. First, there are significant variations in
reported times to complete the same transaction by firms
facing the same formal policy. Second, regulatory compliance
appears "under water" as firms report actual times
much less than the Doing Business reported days. Third, the
data reveal substantial differences between favored and
disfavored firms in the same location. Favored firms show
minimal variation, so Doing Business has little predictive
power for the times they report. For disfavored firms, the
variation is greater, although still not significantly
correlated with Doing Business. Fourth, where multiple
Enterprise Surveys are available, there is little
association over time, with reductions in Doing Business
days as likely to be accompanied by increases in Enterprise
Surveys days. Comparing these two types of measures suggests
very different ways of thinking about policy versus policy
implementation, what "a climate" for firms in a
country might mean, and what the options for "policy
reform" really are.
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Bibliographic Details
Main Authors: |
Hallward-Driemeier, Mary,
Pritchett, Lant |
Format: | Policy Research Working Paper
biblioteca
|
Language: | English |
Published: |
2011-02-01
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Subjects: | APPARENT RELATIONSHIP,
BRIBE,
BRIBES,
BUSINESS CLIMATE,
BUSINESS ENVIRONMENT,
BUSINESS ENVIRONMENTS,
BUSINESS INDICATOR,
BUSINESS INDICATORS,
BUSINESS LICENSES,
BUSINESS PEOPLE,
BUSINESS REGISTRATION,
BUSINESS REGULATIONS,
BUSINESS TRANSACTIONS,
CAPABILITIES,
CLIMATES,
COMPANY,
CORRUPTION,
CUSTOMS,
DEVELOPMENT ECONOMICS,
DOMAIN,
ECONOMIC ACTIVITY,
ECONOMIC DEVELOPMENT,
ECONOMIC GROWTH,
EMPLOYEE,
EMPLOYMENT,
ENTERPRISE DEVELOPMENT,
ENTERPRISE SURVEY,
ENTERPRISE SURVEYS,
ENTREPRENEURIAL ACTIVITY,
ENTREPRENEURSHIP,
EXTERNAL FINANCE,
FACILITATION,
FIRM SIZE,
GOVERNMENT POLICIES,
IMPORT TARIFFS,
IMPORTS,
INCOME,
INEQUALITY,
INFORMAL ECONOMY,
INNOVATION,
INTERNATIONAL BANK,
LAWS,
LAWYERS,
LEGISLATION,
LEVEL PLAYING FIELD,
LICENSE,
LICENSES,
MANUFACTURING,
MARKET VALUE,
OPEN ACCESS,
OPERATING PERMITS,
PARTY,
PRIVATE COMPANY,
PRIVATE CREDIT,
PRIVATE SECTOR,
PRIVATE SECTOR DEVELOPMENT,
PRIVATE SECTOR FIRMS,
PRODUCTIVITY,
PROFITABILITY,
PROPERTY RIGHTS,
PUBLIC ECONOMICS,
REGULATORY ENVIRONMENT,
REGULATORY REFORMS,
REGULATORY REQUIREMENTS,
RESULT,
RESULTS,
ROLE OF INSTITUTIONS,
SEARCH,
SMALL FIRMS,
STATE OWNED ENTERPRISES,
STOCK MARKET,
TAX CODE,
TAX EXEMPTIONS,
TAX REVENUES,
TAXATION,
TECHNOLOGICAL INNOVATIONS,
TRANSACTION,
TRANSPORT,
USES,
WAREHOUSE,
WEB, |
Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110207132555
http://hdl.handle.net/10986/3330
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