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The doing business indicators, economic growth and regulatory reform

Author: Marek Hanusch; World Bank. East Asia and Pacific Regional Office. Poverty Reduction and Economic Management Sector Unit.
Publisher: [Washington, D.C.] : World Bank, East Asia and the Pacific Region, Poverty Reduction and Economic Management Unit, 2012.
Series: Policy research working papers, 6176.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
Improving the investment climate is among the top priorities in development. The World Bank Group's Doing Business reports have become an important guide and benchmark to inform regulatory reforms aimed at unleashing the potential of the private sector. This paper discusses the potential role of the Doing Business Indicators in the reform process. Generally, the Doing Business studies are constrained in their  Read more...
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Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Marek Hanusch; World Bank. East Asia and Pacific Regional Office. Poverty Reduction and Economic Management Sector Unit.
OCLC Number: 810092009
Notes: Title from pdf title page (World Bank Web site, viewed Sept. 17, 2012).
"August 2012."
Description: 1 online resource (21 pages).
Series Title: Policy research working papers, 6176.
Responsibility: Marek Hanusch.

Abstract:

Improving the investment climate is among the top priorities in development. The World Bank Group's Doing Business reports have become an important guide and benchmark to inform regulatory reforms aimed at unleashing the potential of the private sector. This paper discusses the potential role of the Doing Business Indicators in the reform process. Generally, the Doing Business studies are constrained in their prescriptive power for policy making. However, governments that nonetheless choose to use the Doing Business reports for guidance in the reform process can aim to improve their Doing Business ranking to enhance the visibility of their general reform efforts; or they can aim at maximizing the impact of reform on economic growth. In this case, the evidence suggests that focusing on indicators relating to credit and the enforcement of contracts is the most important. Indicators related to cost have the largest potential for fostering growth.

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