Replication data for: How Business Is Done in the Developing World: Deals versus Rules
Principal Investigator(s): View help for Principal Investigator(s) Mary Hallward-Driemeier; Lant Pritchett
Version: View help for Version V1
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Project Citation:
Hallward-Driemeier, Mary, and Pritchett, Lant. Replication data for: How Business Is Done in the Developing World: Deals versus Rules. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113953V1
Project Description
Summary:
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What happens in the developing world when stringent regulations characterizing the investment climate meet weak government willingness or capability to enforce those regulations?
How is business actually done?
The Doing Business project surveys experts concerning the legally required time and costs of regulatory compliance for various aspects of private enterprise—starting a firm, dealing with construction permits, trading across borders, paying taxes, getting credit, enforcing contracts, and so on—around the world.
The World Bank's firm-level Enterprise Surveys around the world ask managers at a wide array of firms about their business, including questions about how long it took to go through various processes like obtaining an operating license or a construction permit, or bringing in imports.
This paper compares the results of three broadly comparable indicators from the Doing Business and Enterprise Surveys.
Overall, we find that the estimate of legally required time for firms to complete a certain legal and regulatory process provided by the Doing Business survey does not summarize even modestly well the experience of firms as reported by the Enterprise Surveys.
When strict de jure regulation and high rates of taxation meet weak governmental capabilities for implementation and enforcement, we argue that researchers and policymakers should stop thinking about regulations as creating "rules" to be followed, but rather as creating a space in which "deals" of various kinds are possible.
Scope of Project
JEL Classification:
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G38 Corporate Finance and Governance: Government Policy and Regulation
K22 Business and Securities Law
L21 Business Objectives of the Firm
L26 Entrepreneurship
L51 Economics of Regulation
M13 New Firms; Startups
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
G38 Corporate Finance and Governance: Government Policy and Regulation
K22 Business and Securities Law
L21 Business Objectives of the Firm
L26 Entrepreneurship
L51 Economics of Regulation
M13 New Firms; Startups
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
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