The Regulation of Entry

Djankov, Simeon; Porta, Rafael La; López-de-Silanes, Florencio; Shleifer, Andrei

doi:10.1162/003355302753399436

Cited by 3,080 publications

(2,062 citation statements)

References 11 publications

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“…Institutional quality (‚Economic Freedom‛, a measure closely correlated with the concept of English legal origin) is clearly associated with more entrepreneurship, and the effect is strongest in developed countries. This is consistent with popular perceptions and consistent with Djankov et al (2002), who found that the English legal origin is strongly associated with lowest barriers to entry.…”

Section: Results For Country Level Aggregate Institutional Variablessupporting

confidence: 91%

“…In light of our discussion above, it is not surprising that the English origin dimension, here seen as a benchmark, correlates closely with the summary average ‚Economic Freedom‛ indicator. This is also consistent with Djankov et al (2002), who demonstrate that countries of French, German and Socialist legal origin have more entry regulations than English legal origin countries, while countries of Scandinavian legal origin have about the same. We use the legal origin categories as defined by La Porta et al (1999) as independent variables in our analysis.…”

Section: Legal Originsupporting

confidence: 90%

“…Corruption may be seen as a general proxy for the quality of the institutional environment. Tanzi (1998) argues that corruption reflects the multidimentional impact of poor institutions and Djankov et al (2002) provides empirical evidence showing that corruption reflects an inefficient overregulated environment. Incidence of corruption may prevent business to grow above some threshold level, as in the latter case, the business owners may be expropriated by corrupt officials, especially the tax authority (Barkhatova, 2000;Aidis and Mickiewicz, 2006).…”

Section: Single Aggregate Institutional Indicators: Economic Freedommentioning

confidence: 99%

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Institutions, Finance and the Level of Development: the Impact on Entrepreneurship in Transition

Aidis

Estrin

Mickiewicz

2010

REI

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Abstract:We investigate the impact of institutions on entrepreneurial entry, based on a large cross-country sample, combining working age population data generated by the GEM project with macro level indicators. Our four key findings indicate that: (a) institutional obstacles to entrepreneurship have different impact in rich countries compared to poor countries; (b) institutional obstacles have a stronger impact on 'opportunity entrepreneurship' than on 'necessity entrepreneurship'; (c) two institutional indicators -property right protection and access to finance -appear to have a dominant impact on entrepreneurship; (d) institutions have a long term impact. More than ten years after the Soviet system imploded in Central and Eastern Europe, these countries still experience significantly lower levels of entrepreneurship than economies coming from different legal traditions.JEL classification: L26, P14, P51, P37

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Section: Results For Country Level Aggregate Institutional Variablessupporting

confidence: 91%

Section: Legal Originsupporting

confidence: 90%

Section: Single Aggregate Institutional Indicators: Economic Freedommentioning

confidence: 99%

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Institutions, Finance and the Level of Development: the Impact on Entrepreneurship in Transition

Aidis

Estrin

Mickiewicz

2010

REI

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“…The second is entry cost which includes all costs required to comply with government procedures and authorization in starting a particular type of business. Following a definition used in the World Bank Doing Business surveys, entry cost implies all cost related to legal procedures required before a business can officially open its doors (Djankov, La Porta, Lopez-de-Silanes, & Shleifer, 2002). For host countries, public information accessibility and efficient bureaucratic institutions are indication of good business environment.…”

mentioning

confidence: 99%

Impact of E-Government on Transaction Cost and FDI Inflows: A Proposed Conceptual Framework

Kachwamba¹

2011

IJBM

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Although vast normative e-government literature supports the assertion that implementation of e-government reduces transaction cost and promotes Foreign Direct Investment; empirical evidence to support this thesis is limited. Even more, there is limited attempt when studying this phenomenon to integrate e-government literature with other literatures in which major constructs of interest are rooted. This article contributes to reducing this gap by establishing a conceptual framework that integrates e-government literature, International Business and Economics literatures as the main fields from which major constructs of interest are grounded. Three Propositions are generated as a guide for a systematic empirical investigation of the phenomenon.

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“…While the literature has originally contrasted formal and informal rules as alternative enforcement devices, recent contributions tend to stress the complementary relationship between the two kinds of institutions, emphasizing the hidden role of informal institutions to explain different evolutionary paths among alternative societies governed by comparable systems of formal rules (Djankov et al, 2002).…”

Section: Formal Vs Informal Rulesmentioning

confidence: 99%

How to design institutional frameworks for markets

Brousseau¹,

Nicita²

2010

rei

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The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We examine, first, the domains – namely the establishment of property rights, the management of externalities and the maintenance of the competitive process – on which NIE identifies the potential impact of institutional tools on market performance. Second, we highlight the tradeoffs identified in the literature regarding the organization of an institutional system. This leads us to consider the respective virtues and drawbacks of hierarchical vs. transactional, public vs. private, centralized vs. decentralized and formal vs. informal ordering. Finally, we conclude by showing how NIE draws attention to the difficulties faced by political or economic decision-makers when they attempt to enhance market efficiency by reforming institutional frameworks.

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The Regulation of Entry

Cited by 3,080 publications

References 11 publications

Institutions, Finance and the Level of Development: the Impact on Entrepreneurship in Transition

Institutions, Finance and the Level of Development: the Impact on Entrepreneurship in Transition

Impact of E-Government on Transaction Cost and FDI Inflows: A Proposed Conceptual Framework

How to design institutional frameworks for markets

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