The Regulation of Entry

  title={The Regulation of Entry},
  author={Simeon Djankov and Rafael La Porta and Florencio Lopez de Silanes and Andrei Shleifer},
We present new data on the regulation of entry of start-up Žrms in 85 countries. The data cover the number of procedures, ofŽcial time, and ofŽcial cost that a start-up must bear before it can operate legally. The ofŽcial costs of entry are extremely high in most countries. Countries with heavier regulation of entry have higher corruption and larger unofŽcial economies, but not better quality of public or private goods. Countries with more democratic and limited governments have lighter… CONTINUE READING
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