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

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  • Arrunada, Benito

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.
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Suggested Citation

  • Arrunada, Benito, 2007. "Pitfalls to avoid when measuring institutions: Is Doing Business damaging business?," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 729-747, December.
  • Handle: RePEc:eee:jcecon:v:35:y:2007:i:4:p:729-747
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Gaoussou Diarra & Patrick Plane, 2014. "Assessing the World Bank's Influence on the Good Governance Paradigm," Oxford Development Studies, Taylor & Francis Journals, vol. 42(4), pages 473-487, December.
    2. Rabah Arezki & Klaus Deininger & Harris Selod, 2015. "What Drives the Global "Land Rush"?," World Bank Economic Review, World Bank Group, vol. 29(2), pages 207-233.
    3. Benito Arruñada, 2016. "Coase and the departure from property," Chapters,in: The Elgar Companion to Ronald H. Coase, chapter 22, pages 305-319 Edward Elgar Publishing.
    4. B.P. Zaaruka & J.W. Fedderke, 2011. "Measuring Institutions: Indicators of Political and Economic Institutions in Namibia: 1884 - 2008," Working Papers 236, Economic Research Southern Africa.
    5. Deininger, Klaus & Goyal, Aparajita, 2012. "Going digital: Credit effects of land registry computerization in India," Journal of Development Economics, Elsevier, vol. 99(2), pages 236-243.
    6. MORICONI, Simone & PICARD , Pierre M. & ZANAJ, Skerdilajda, 2012. "Commodity taxation and regulatory competition," CORE Discussion Papers 2012057, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. James Alm & Mir Ahmad Khan, 2008. "Assessing Enterprise Taxation and the Investment Climate in Pakistan," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0810, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    8. Paolo Pinotti, 2009. "Trust and Regulation: Addressing a Cultural Bias," Temi di discussione (Economic working papers) 721, Bank of Italy, Economic Research and International Relations Area.
    9. Andersson, Fredrik & Heyman, Fredrik & Norbäck, Pehr-Johan & Persson, Lars, 2016. "Large Scope Business Sector Reforms: Has the Swedish Business Sector Become More Entrepreneurial than the U.S. Business Sector?," Working Paper Series 1147, Research Institute of Industrial Economics.
    10. Djankov, Simeon, 2008. "The Regulation of Entry: A Survey," CEPR Discussion Papers 7080, C.E.P.R. Discussion Papers.
    11. Martin Ravallion, 2012. "Mashup Indices of Development," World Bank Research Observer, World Bank Group, vol. 27(1), pages 1-32, February.
    12. Arruñada, Benito & Hansen, Stephen, 2015. "Organizing public good provision: Lessons from Managerial Accounting," International Review of Law and Economics, Elsevier, vol. 42(C), pages 185-191.
    13. Zuzana Brixiova & Balázs Égert, 2010. "Modeling Institutions, Start-ups and Productivity during Transition," OECD Economics Department Working Papers 773, OECD Publishing.
    14. Florence Crick & Mamadou Diop & Momadou Sow & Birame Diouf & Babacar Diouf & Joseph Muhwanga & Muna Dajani, 2016. "Enabling private sector adaptation in developing countries and their semi-arid regions – case studies of Senegal and Kenya," GRI Working Papers 258, Grantham Research Institute on Climate Change and the Environment.
    15. Arruñada Benito, 2014. "Registries," Man and the Economy, De Gruyter, vol. 1(2), pages 1-22, December.
    16. James Alm & Mir Ahmad Khan, 2017. "Tax Policy Effects on Business Incentives in Pakistan," Working Papers 1705, Tulane University, Department of Economics.
    17. James Alm & Mir Ahmad Khan, 2015. "Assessing and Reforming Enterprise Taxation in Pakistan," Working Papers 1513, Tulane University, Department of Economics.

    More about this item

    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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