The Doing Business Indicators, Economic Growth and Regulatory Reform
Improving the investment climate is among the top priorities in development. The World Bank Group's Doing Business reports have become an important guide and benchmark to inform regulatory reforms aimed at unleashing the potential of the priva...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/08/16620356/doing-business-indicators-economic-growth-regulatory-reform http://hdl.handle.net/10986/12020 |
| Summary: | Improving the investment climate is
among the top priorities in development. The World Bank
Group's Doing Business reports have become an important
guide and benchmark to inform regulatory reforms aimed at
unleashing the potential of the private sector. This paper
discusses the potential role of the Doing Business
Indicators in the reform process. Generally, the Doing
Business studies are constrained in their prescriptive power
for policy making. However, governments that nonetheless
choose to use the Doing Business reports for guidance in the
reform process can aim to improve their Doing Business
ranking to enhance the visibility of their general reform
efforts; or they can aim at maximizing the impact of reform
on economic growth. In this case, the evidence suggests that
focusing on indicators relating to credit and the
enforcement of contracts is the most important. Indicators
related to cost have the largest potential for fostering growth. |
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