تمرکززدایی مالی و کیفیت نهادی در محیط کسب و کار Fiscal decentralization and institutional quality on the business environment
- نوع فایل : کتاب
- زبان : انگلیسی
- ناشر : Elsevier
- چاپ و سال / کشور: 2018
توضیحات
رشته های مرتبط اقتصاد، مدیریت
گرایش های مرتبط مدیریت کسب و کار
مجله اسناد اقتصادی – Economics Letters
دانشگاه Florida Atlantic University – United States
منتشر شده در نشریه الزویر
کلمات کلیدی تمرکززدایی، کارآفرینی، محیط تجارت
گرایش های مرتبط مدیریت کسب و کار
مجله اسناد اقتصادی – Economics Letters
دانشگاه Florida Atlantic University – United States
منتشر شده در نشریه الزویر
کلمات کلیدی تمرکززدایی، کارآفرینی، محیط تجارت
Description
1. Introduction The importance of entrepreneurial activity on economic growth has been well studied. 1 Moreover, it has been established that several key factors affect entrepreneurial activity, including political stability, quality of institutions, and policies supporting a more businessfriendly environment. 2 Although these relationships are important to understanding the role of entrepreneurial activity on growth, another channel to be explored exists that explains how fiscal decentralization impacts the business environment that spurs entrepreneurial activity. This paper uses country panel data to address the channels by which fiscal decentralization affects the business environment via improvements in the regulatory process of starting a business, after controlling for the level of economic development. We build on the influential work by Djankov et al (2002) who found entry regulation to be detrimental to a probusiness environment. We measure the business environment using indicators from the World Bank Doing Business database. Of particular interest to this study is the subset of indicators relevant to starting a business, including the number of days and procedures along with the cost and minimum capital (as a % of income per capita) to formally start and operate a business. In 2016, New Zealand exhibited the best business environment, requiring just 0.5 days and one procedure, and nearly zero cost and no minimum capital. India, on the other hand, required 29 days, 12.9 procedures, and 13.5% of per capita income in costs, ranking 155th out of 190 economies.
