Barriers to Entrepreneurship - World Bank

Future Research• Need more and better data on small and new firms, even for theUnited States.• Measuring firm creation requires data on redeployment of assets,mergers and acquisitions, spin-offs, re-registrations, etc.• Need to (re)define “firm entry” and “entrepreneurship”.• Is the United States a useful benchmark for natural entry rates andindustry structures more generally ? Not if U.S. bankruptcysystem is inefficient ?• Need to study the life cycle of firms, tracking firms over time, andsimultaneously look at entry, exit, and industry structure.• Political economy of entry: formal and informal barriers created bygovernment and incumbents.10