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The Role of Regulation on Entry : Evidence from the Italian Provinces / Francesco Bripi.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Bripi, Francesco.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Doing Business.
- Entrepreneurship.
- Entry Regulation.
- Local Subjects:
- Doing Business.
- Entrepreneurship.
- Entry Regulation.
- Physical Description:
- 1 online resource (38 pages)
- Other Title:
- Role of Regulation on Entry
- Place of Publication:
- Washington, D.C. : The World Bank, 2016.
- System Details:
- data file
- Summary:
- This paper studies the effects of differences in local administrative burdens in Italy in the years 2005-2007 preceding a major reform that sped up firm registration procedures. Combining regulatory data from a survey on Italian provinces before the reform (costs and time to start a business) with industry-level entry rates of limited liability firms, it explores the effects of regulatory barriers on the average of the annual entry rates across industries with different natural propensities to enter the market. The estimates of the cross-sectional analysis show that lengthier and, to some extent, more costly procedures reduced entry in sectors with naturally high entry. A one-day delay in registration procedures reduces the entry rate in highly dynamic sectors by more than 1 percent. These results hold when I include measures of local financial development and of efficiency of bankruptcy procedures are included.
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