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...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| 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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okr-10986-33302021-04-23T14:02:08Z How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control Hallward-Driemeier, Mary Pritchett, Lant 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 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. 2012-03-19T18:00:27Z 2012-03-19T18:00:27Z 2011-02-01 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 English Policy Research working paper ; no. WPS 5563 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 Hallward-Driemeier, Mary Pritchett, Lant How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5563 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Hallward-Driemeier, Mary Pritchett, Lant |
| author_facet |
Hallward-Driemeier, Mary Pritchett, Lant |
| author_sort |
Hallward-Driemeier, Mary |
| title |
How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control |
| title_short |
How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control |
| title_full |
How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control |
| title_fullStr |
How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control |
| title_full_unstemmed |
How Business Is Done and the ‘Doing Business’ Indicators : The Investment Climate When Firms Have Climate Control |
| title_sort |
how business is done and the ‘doing business’ indicators : the investment climate when firms have climate control |
| publishDate |
2012 |
| url |
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 |
| _version_ |
1764386806036430848 |