The Regulation of Entry: A Survey

  title={The Regulation of Entry: A Survey},
  author={Simeon Djankov},
  journal={IO: Theory},
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… 

The Effects of Business Environments on Development: Surveying New Firm-Level Evidence

In the past decade, the World Bank has promoted improving business environments as a key strategy for development, which has resulted in a significant amount of investment in collecting firm-level

The Political Economy of Entry Barriers

Business Entry Regulations and Reforms

This paper outlines short and long-term regulatory reforms that governments could implement to make starting a business easier in their respective countries. The short-term reforms represent

The Effect of Foreign Entry Regulation on Downstream Productivity: Microeconomic Evidence from China*

We examine the cross‐industry influence of foreign entry regulation (based on a novel measure) on the productivity outcomes of downstream firms through input–output linkages in China. In contrast to

The Effects of Business Environments on Development

In the past decade, the World Bank has promoted improving business environments as a key strategy for development, which has led to a significant effort in collecting surveys of the investment

The Impact of Economic Regulation on Growth: Survey and Synthesis

This study provides a survey of research that uses cross-country comparisons to examine how economic regulation affects growth. Studies in the peer-reviewed literature tend to rely on either World

Do Entry Regulations Deter Entrepreneurship and Job Creation? Evidence from Recent Reforms in Portugal

Recent research has suggested that the reduction of entry regulation can promote firm entry and job creation, but little is known about the quality of firms and jobs created through these reforms. To

Entry barriers and their macroeconomic impact in the EU: an assessment using QUEST III

Entry barriers make markets less contestable and thereby reduce competition, resulting in lower TFP, GDP and employment growth. Following the Lisbon strategy, Member States increasingly adopted

Regulatory Barriers and Entry into a New Competitive Industry

We model the effects of license fees and bureaucratic delay on firm entry into a new competitive industry, whose profitability is initially unknown. A license fee alone reduces the number of first

Literature Review on the Effect of the Ease of Doing Business on Economic and Financial Outcomes

This chapter provides a brief review of the main studies analyzing the effect of the legal rules and regulatory indicators—used in our empirical analysis—on economic and financial outcomes, both from

Red Tape and Delayed Entry

Does cutting red tape foster entrepreneurship in industries with the potential to expand? We address this question by combining the time needed to comply with government entry procedures in 45

Entry Regulation and Business Start-Ups: Evidence from Mexico

The authors estimate the effect on business start-ups of a program that significantly speeds up firm registration procedures. The program was implemented in Mexico in different municipalities at

License Reform in India: Theory and Evidence

How do barriers to entry and expansion aect productivity? I answer this question by examining the impact of India's industrial policy reforms during the 1980s. In 1985, the "License Raj", which

The Effect of Business Regulations on Nascent and Young Business Entrepreneurship

We examine the relationship, across 39 countries, between regulation and entrepreneurship using a new two-equation model. We find the minimum capital requirement required to start a business lowers

Where Do Firms Incorporate? Deregulation and the Cost of Entry

We study how deregulation of corporate law affects the decision of entrepreneurs of where to incorporate. Recent rulings by the European Court of Justice (ECJ) have enabled entrepreneurs to select

Where Do Firms Incorporate?

Over the last few years, a series of rulings by the European Court of Justice (ECJ) has opened up the European Union to cross-border mobility in incorporation. In this paper we explore how

Deregulation of Business

What determines the enforcement of deregulation reform of business activities? What are the outcomes of deregulation? We address these questions using an episode of a drastic reform in Russia between