Business environment and firm entry : evidence from international data / Leora Klapper, Luc Laeven, Raghuram Rajan
"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have h...
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| Main Authors: | Klapper, Leora |
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| Corporate Authors: | National Bureau of Economic Research |
| Other Authors: | Laeven, Luc Rajan, Raghuram Govind, 1963- |
| Format: | Online-Resource |
| Language: | English |
| Published: | Cambridge, MA : National Bureau of Economic Research, 2004 |
| Series: | NBER working paper series
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| Subjects: | |
| Online Access: | kostenfrei |
| Summary: | "Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have high entry. Also, value added per employee in naturally "high entry" industries grows more slowly in countries with onerous regulations on entry. Interestingly, regulatory entry barriers have no adverse effect on entry in corrupt countries, only in less corrupt ones. Taken together, the evidence suggests bureaucratic entry regulations are neither benign nor welfare improving. However, not 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 R&D or industries that need more external finance"--National Bureau of Economic Research web site |
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| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 1/14/2005 Erscheinungsjahr in Vorlageform:c2004 Weitere Ausgabe: Klapper, Leora : Business environment and firm entry |
| Physical Description: | 1 Online-Ressource |
