The Role of Regulation on Entry : Evidence from the Italian Provinces
This paper studies the effects of differences in local administrative burdens in Italy in the years 2005–2007 preceding a major reform that sped up firm registration procedures. Combining regulatory data from a survey on Italian provinces before th...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/04/26279734/role-regulation-entry-evidence-italian-provinces http://hdl.handle.net/10986/24224 |
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okr-10986-242242021-04-23T14:04:20Z The Role of Regulation on Entry : Evidence from the Italian Provinces Bripi, Francesco BUSINESS ACTIVITIES BUSINESS OWNERS RED TAPE ECONOMIC GROWTH BUSINESS OPPORTUNITIES PEOPLE ENTREPRENEURIAL ACTIVITIES FINANCING INCOME INTEREST CREDIT AVAILABILITY VEHICLES BIAS PRIVATE CREDIT LIQUIDITY ENTREPRENEURS EXPORTS POLITICAL ECONOMY MULTINATIONAL BUREAUCRATIC OBSTACLES ECONOMIC POLICY RESEARCHER LOAN VARIABLES CHARACTERISTICS OF BUSINESS OWNERS TAX BENCHMARKS CORRUPTION SAVING BANKRUPTCY BINDING AIR CREDITORS INTERNATIONAL BANK CREDITOR BUSINESS OPPORTUNITY REPAIRS NEW BUSINESS BANK COMPETITION COMPUTER EXTERNAL FINANCE DEVELOPMENT START-UP COSTS COMMUNICATIONS DATA START-UP PER CAPITA INCOME COSTS DEVELOPMENT ECONOMICS TELECOMMUNICATIONS ADVANCED ECONOMIES TRANSPORT TRANSPORT ACTIVITIES GROWTH OPPORTUNITIES PROBABILITY ECONOMIC SYSTEM CASES DEBT BARRIERS TO ENTRY WEB RESEARCH ENTERPRISES TRANSPORT EQUIPMENT BANK CREDIT DATABASES CLASSIFICATION FINANCIAL SYSTEM REAL ESTATE FINANCE PUBLISHING EXPENDITURE DEREGULATION VALUE ADDED TRAVEL CAPITAL ECONOMIC PERFORMANCE DESCRIPTION VALUE LAND TRANSPORT BANK REPAIR CREDIT INDEX NEW BUSINESSES HOUSEHOLD ADMINISTRATIVE BURDENS AGRICULTURE BUSINESS CAPITAL INDEXES MOTOR VEHICLES ENTERPRISE PROPERTY EMPLOYMENT GROWTH JOB CREATION MEASUREMENT BENCHMARK ENDOGENOUS VARIABLES CASE ECONOMIC SYSTEMS REGRESSION ANALYSIS ACCESS TO CREDIT CONCEPT ECONOMIC DEVELOPMENT ADMINISTRATIVE BARRIERS TRADE AIR TRANSPORT GDP GOODS OBJECT FINANCIAL DEVELOPMENT GROWTH RATE HOUSEHOLDS ECONOMIC CRISIS INTERNAL FUNDS COOPERATION FUEL REVENUE STANDARD COMMUNICATION EXTERNAL FINANCING FEES DATABASE NOISE ENTREPRENEUR FINANCIAL SYSTEMS ENTRY CASH FLOW START-UPS DEVELOPMENT POLICY EMPLOYEES This paper studies the effects of differences in local administrative burdens in Italy in the years 2005–2007 preceding a major reform that sped up firm registration procedures. Combining regulatory data from a survey on Italian provinces before the reform (costs and time to start a business) with industry-level entry rates of limited liability firms, it explores the effects of regulatory barriers on the average of the annual entry rates across industries with different natural propensities to enter the market. The estimates of the cross-sectional analysis show that lengthier and, to some extent, more costly procedures reduced entry in sectors with naturally high entry. A one-day delay in registration procedures reduces the entry rate in highly dynamic sectors by more than 1 percent. These results hold when I include measures of local financial development and of efficiency of bankruptcy procedures are included. 2016-05-04T19:56:17Z 2016-05-04T19:56:17Z 2016-04 Working Paper http://documents.worldbank.org/curated/en/2016/04/26279734/role-regulation-entry-evidence-italian-provinces http://hdl.handle.net/10986/24224 English en_US Policy Research Working Paper;No. 7650 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Italy |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BUSINESS ACTIVITIES BUSINESS OWNERS RED TAPE ECONOMIC GROWTH BUSINESS OPPORTUNITIES PEOPLE ENTREPRENEURIAL ACTIVITIES FINANCING INCOME INTEREST CREDIT AVAILABILITY VEHICLES BIAS PRIVATE CREDIT LIQUIDITY ENTREPRENEURS EXPORTS POLITICAL ECONOMY MULTINATIONAL BUREAUCRATIC OBSTACLES ECONOMIC POLICY RESEARCHER LOAN VARIABLES CHARACTERISTICS OF BUSINESS OWNERS TAX BENCHMARKS CORRUPTION SAVING BANKRUPTCY BINDING AIR CREDITORS INTERNATIONAL BANK CREDITOR BUSINESS OPPORTUNITY REPAIRS NEW BUSINESS BANK COMPETITION COMPUTER EXTERNAL FINANCE DEVELOPMENT START-UP COSTS COMMUNICATIONS DATA START-UP PER CAPITA INCOME COSTS DEVELOPMENT ECONOMICS TELECOMMUNICATIONS ADVANCED ECONOMIES TRANSPORT TRANSPORT ACTIVITIES GROWTH OPPORTUNITIES PROBABILITY ECONOMIC SYSTEM CASES DEBT BARRIERS TO ENTRY WEB RESEARCH ENTERPRISES TRANSPORT EQUIPMENT BANK CREDIT DATABASES CLASSIFICATION FINANCIAL SYSTEM REAL ESTATE FINANCE PUBLISHING EXPENDITURE DEREGULATION VALUE ADDED TRAVEL CAPITAL ECONOMIC PERFORMANCE DESCRIPTION VALUE LAND TRANSPORT BANK REPAIR CREDIT INDEX NEW BUSINESSES HOUSEHOLD ADMINISTRATIVE BURDENS AGRICULTURE BUSINESS CAPITAL INDEXES MOTOR VEHICLES ENTERPRISE PROPERTY EMPLOYMENT GROWTH JOB CREATION MEASUREMENT BENCHMARK ENDOGENOUS VARIABLES CASE ECONOMIC SYSTEMS REGRESSION ANALYSIS ACCESS TO CREDIT CONCEPT ECONOMIC DEVELOPMENT ADMINISTRATIVE BARRIERS TRADE AIR TRANSPORT GDP GOODS OBJECT FINANCIAL DEVELOPMENT GROWTH RATE HOUSEHOLDS ECONOMIC CRISIS INTERNAL FUNDS COOPERATION FUEL REVENUE STANDARD COMMUNICATION EXTERNAL FINANCING FEES DATABASE NOISE ENTREPRENEUR FINANCIAL SYSTEMS ENTRY CASH FLOW START-UPS DEVELOPMENT POLICY EMPLOYEES |
| spellingShingle |
BUSINESS ACTIVITIES BUSINESS OWNERS RED TAPE ECONOMIC GROWTH BUSINESS OPPORTUNITIES PEOPLE ENTREPRENEURIAL ACTIVITIES FINANCING INCOME INTEREST CREDIT AVAILABILITY VEHICLES BIAS PRIVATE CREDIT LIQUIDITY ENTREPRENEURS EXPORTS POLITICAL ECONOMY MULTINATIONAL BUREAUCRATIC OBSTACLES ECONOMIC POLICY RESEARCHER LOAN VARIABLES CHARACTERISTICS OF BUSINESS OWNERS TAX BENCHMARKS CORRUPTION SAVING BANKRUPTCY BINDING AIR CREDITORS INTERNATIONAL BANK CREDITOR BUSINESS OPPORTUNITY REPAIRS NEW BUSINESS BANK COMPETITION COMPUTER EXTERNAL FINANCE DEVELOPMENT START-UP COSTS COMMUNICATIONS DATA START-UP PER CAPITA INCOME COSTS DEVELOPMENT ECONOMICS TELECOMMUNICATIONS ADVANCED ECONOMIES TRANSPORT TRANSPORT ACTIVITIES GROWTH OPPORTUNITIES PROBABILITY ECONOMIC SYSTEM CASES DEBT BARRIERS TO ENTRY WEB RESEARCH ENTERPRISES TRANSPORT EQUIPMENT BANK CREDIT DATABASES CLASSIFICATION FINANCIAL SYSTEM REAL ESTATE FINANCE PUBLISHING EXPENDITURE DEREGULATION VALUE ADDED TRAVEL CAPITAL ECONOMIC PERFORMANCE DESCRIPTION VALUE LAND TRANSPORT BANK REPAIR CREDIT INDEX NEW BUSINESSES HOUSEHOLD ADMINISTRATIVE BURDENS AGRICULTURE BUSINESS CAPITAL INDEXES MOTOR VEHICLES ENTERPRISE PROPERTY EMPLOYMENT GROWTH JOB CREATION MEASUREMENT BENCHMARK ENDOGENOUS VARIABLES CASE ECONOMIC SYSTEMS REGRESSION ANALYSIS ACCESS TO CREDIT CONCEPT ECONOMIC DEVELOPMENT ADMINISTRATIVE BARRIERS TRADE AIR TRANSPORT GDP GOODS OBJECT FINANCIAL DEVELOPMENT GROWTH RATE HOUSEHOLDS ECONOMIC CRISIS INTERNAL FUNDS COOPERATION FUEL REVENUE STANDARD COMMUNICATION EXTERNAL FINANCING FEES DATABASE NOISE ENTREPRENEUR FINANCIAL SYSTEMS ENTRY CASH FLOW START-UPS DEVELOPMENT POLICY EMPLOYEES Bripi, Francesco The Role of Regulation on Entry : Evidence from the Italian Provinces |
| geographic_facet |
Europe and Central Asia Italy |
| relation |
Policy Research Working Paper;No. 7650 |
| description |
This paper studies the effects of
differences in local administrative burdens in Italy in the
years 2005–2007 preceding a major reform that sped up firm
registration procedures. Combining regulatory data from a
survey on Italian provinces before the reform (costs and
time to start a business) with industry-level entry rates of
limited liability firms, it explores the effects of
regulatory barriers on the average of the annual entry rates
across industries with different natural propensities to
enter the market. The estimates of the cross-sectional
analysis show that lengthier and, to some extent, more
costly procedures reduced entry in sectors with naturally
high entry. A one-day delay in registration procedures
reduces the entry rate in highly dynamic sectors by more
than 1 percent. These results hold when I include measures
of local financial development and of efficiency of
bankruptcy procedures are included. |
| format |
Working Paper |
| author |
Bripi, Francesco |
| author_facet |
Bripi, Francesco |
| author_sort |
Bripi, Francesco |
| title |
The Role of Regulation on Entry : Evidence from the Italian Provinces |
| title_short |
The Role of Regulation on Entry : Evidence from the Italian Provinces |
| title_full |
The Role of Regulation on Entry : Evidence from the Italian Provinces |
| title_fullStr |
The Role of Regulation on Entry : Evidence from the Italian Provinces |
| title_full_unstemmed |
The Role of Regulation on Entry : Evidence from the Italian Provinces |
| title_sort |
role of regulation on entry : evidence from the italian provinces |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/04/26279734/role-regulation-entry-evidence-italian-provinces http://hdl.handle.net/10986/24224 |
| _version_ |
1764455974272237568 |