Quarterly Journal of Economics Vol. 117 No. 1 2002

The Regulation of Entry

Simeon Djankov^1,2; R. La Porta; F. Lopez-de-Silanes; A SHLEIFER^3,4

¹ Peterson Institute for International Economics · ² London School of Economics and Political Science · ³ National Bureau of Economic Research · ⁴ Harvard University

Abstract

Countries differ significantly in the way in which they regulate the entry of new businesses. To meet government requirements for starting to operate a business in Austria, an entrepreneur must complete 12 procedures taking at least 154 business days and pay US$11,612 in government fees. To do the same, an entrepreneur in Bolivia needs to follow 20 different procedures, pay US$2,696 in fees to the government and wait at least 82 business days to acquire the necessary permits. In contrast, an entrepreneur in Canada can finish the process in roughly 2 days by paying US$280 in government fees and completing only 2 procedures.

DOI

10.1162/003355302753399436

Volume

117

Issue

1

Pages

1-37

Language

en

Sources

bibtex:phds-export.bib openalex crossref

Cite

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