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Entry Regulation as a Barrier to Entrepreneurship / Leora Klapper, Luc Laeven, Raghuram Rajan.
- Format:
- Book
- Author/Creator:
- Klapper, Leora.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w10380.
- NBER working paper series no. w10380
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2004.
- Summary:
- Using a comprehensive database of European firms, we study the effect of market entry regulations on the creation of new limited-liability firms, the average size of entrants, and the growth of incumbent firms. We find that costly regulations hamper the creation of new firms, especially in industries that should naturally have high entry. These regulations also force new entrants to be larger and cause incumbent firms in naturally high-entry industries to grow more slowly. Our results hold even when we correct for the availability of financing, the degree of protection of intellectual property, and labor regulations.
- Notes:
- Print version record
- March 2004.
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