Business Regulations and Poverty

13 Pages Posted: 4 Mar 2019 Last revised: 5 Mar 2019

See all articles by Simeon Djankov

Simeon Djankov

London School of Economics & Political Science (LSE); Peter G. Peterson Institute for International Economics

Dorina Peteva Georgieva

World Bank

Rita Ramalho

World Bank

Date Written: March 1, 2019

Abstract

Using panel data for 189 economies from 2005 to 2013, this paper shows that business-friendly regulations are correlated with the poverty headcount at the country level. This association is significant using the World Bank's Doing Business indicators on getting credit and contract enforcement. The findings suggest that the conduit for poverty reduction is business creation, as a source of new jobs and a manifestation of thriving entrepreneurship.

Keywords: Inequality, Legislation, Judicial System Reform, Legal Products, Regulatory Regimes, Social Policy, Legal Reform, Public Finance Decentralization and Poverty Reduction, Macro-Fiscal Policy, Economic Adjustment and Lending, Public Sector Economics, Health Care Services Industry, Law and Justice Institutions

Suggested Citation

Djankov, Simeon and Georgieva, Dorina Peteva and Ramalho, Rita, Business Regulations and Poverty (March 1, 2019). World Bank Policy Research Working Paper No. 8763, Available at SSRN: https://ssrn.com/abstract=3345385

Simeon Djankov (Contact Author)

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

Dorina Peteva Georgieva

World Bank

1818 H Street, NW
Washington, DC 20433
United States

Rita Ramalho

World Bank ( email )

Washington, DC 20433
United States

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