Business Environment and Firm Entry : Evidence from International Data

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dc.creatorLaeven, Luc
dc.creatorKlapper, Leora
dc.creatorRajan, Raghuram
dc.date2013-08-01T15:23:41Z
dc.date2013-08-01T15:23:41Z
dc.date2004-03
dc.date.accessioned2026-07-01T01:12:59Z
dc.descriptionUsing a comprehensive database of firms in Western and Eastern Europe, the authors study how the business environment in a country drives the creation of new firms. They focus on regulations governing entry, although they also examine the effects of a developed financial sector, a well-trained labor force, strong enforcement of intellectual property rights, and strict labor laws. The authors find entry regulations hamper entry, especially in industries that naturally should have high entry. They find that naturally "high entry" industries grow less, have lower profitability, and account for a lower share of the economy in countries with onerous regulations on entry. Also, value added per employee in naturally "high entry" industries grows more slowly in countries with onerous regulations on entry. This suggests entry regulations are neither benign nor welfare improving. The authors also find less entry into labor-intensive industries in countries with labor regulations that restrict the ability to fire workers. They do not imply that all regulations inhibit entry. In particular, regulations that enhance the enforcement of intellectual property rights or those that lead to a better developed financial sector do lead to greater entry in industries that do more research and development or industries that need more external finance. Finally, other aspects of the environment also matter: for instance, the general availability of skilled labor enhances entry in industries that require skilled labor.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/03/3961649/business-environment-firm-entry-evidence-international-data-business-environment-firm-entry-evidence-international-data
dc.identifierhttps://hdl.handle.net/10986/14724
dc.identifierhttps://doi.org/10.1596/1813-9450-3232
dc.identifier.urihttp://hdl.handle.net/123456789/416185
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relationPolicy Research Working Paper;No.3232
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectBUSINESS ENVIRONMENT
dc.subjectENTERPRISES
dc.subjectBUSINESS MANAGEMENT
dc.subjectTRADE REGULATION
dc.subjectLABOR FORCE
dc.subjectFINANCIAL SECTOR
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectLABOR LAWS
dc.subjectSKILLED WORKERS
dc.subjectINDUSTRIAL RESEARCH CENTERS ANNUAL OBSERVATIONS
dc.subjectBARRIERS TO ENTRY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCOMPANY
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectDEBT
dc.subjectDEVELOPED COUNTRIES
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectEMPLOYMENT
dc.subjectENTREPRENEURS
dc.subjectEXPANSION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFIRM SIZE
dc.subjectFIRMS
dc.subjectFISH
dc.subjectFISHING
dc.subjectFORESTRY
dc.subjectGNP
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERMEDIARIES
dc.subjectLABOR FORCE
dc.subjectMINES
dc.subjectPARTNERSHIP
dc.subjectPATENTS
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC SECTOR
dc.subjectQUALITY CONTROL
dc.subjectRECYCLING
dc.subjectSCREENING
dc.subjectSIZE OF FIRMS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL FIRMS
dc.subjectTAXATION
dc.subjectUSE VALUE
dc.subjectVENDORS
dc.subjectVENTURE CAPITAL
dc.titleBusiness Environment and Firm Entry : Evidence from International Data

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