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Pitfalls to avoid when measuring institutions: Is "Doing Business" damaging business?

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Abstract
Over recent years, both governments and international aid organizations have been devoting large amounts of resources to “simplifying” the procedures for setting up and formalizing firms. Many of these actions have focused on reducing the initial costs of setting up the firm, disregarding the more important role of business registers as a source of reliable information for judges, government departments and, above all, other firms. This reliable information is essential for reducing transaction costs in future dealings with all sorts of economic agents, both public and private. The priorities of reform policies should therefore be thoroughly reviewed, stressing the value of the legal institutions rather than trivializing them as is often the case.

Suggested Citation

  • Benito Arruñada, 2007. "Pitfalls to avoid when measuring institutions: Is "Doing Business" damaging business?," Economics Working Papers 1040, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2010.
    • Handle: RePEc:upf:upfgen:1040
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    References listed on IDEAS

    as
    1. World Bank & International Finance Corporation, 2006. "Doing Business in 2006 : Creating Jobs," World Bank Publications - Books, The World Bank Group, number 7421.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Starting business; doing business; informal economy; company registers;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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