Some Evidence of Regulatory Convergence
We find some evidence of regulatory convergence in four distinct areas of business activity over the 2005-2019 period. This convergence is most...
Reducing the compliance costs of regulation
In much of the world, property sales are highly regulated and expensive. Using World Bank data, this column shows that while regulators and...
Firms in emerging markets fall to COVID-19
Young, small, and domestic market-oriented firms are more likely to fall into financial distress.
Firms in Financial Distress
We use simple accounting measures to estimate the share of private manufacturing firms in financial distress under a hypothetical scenario of losing...
The neighbourhood effect of reforms after crises
Countries reform when their neighbours have reformed too, especially in the aftermath of economic crises. This column examines business regulatory...
Survival of Firms during Economic Crisis
We estimate the survival time of nearly 7,000 firms in a dozen of high-income and middle-income countries in a scenario of extreme economic distress...
It’s time for a recovery plan
With businesses fast running out of cash, governments need to roll out a loan program that builds on the recently-created job retention scheme, write...
Business Regulation and Poverty
Using panel data for 189 economies from 2004 to 2016, we show that business-friendly regulations are correlated with the poverty headcount at the...