Barriers to Entrepreneurship - World Bank

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Conclusions• Taken together, these results suggest that entry regulations areneither benign nor welfare improving. These regulations seempurposefully intended to protect incumbent firms.• We do not imply all regulations inhibit entry. Regulations thatenhance the enforcement of property rights or lead to a moredeveloped financial sector do lead to greater entry in industries thatdo more R&D or industries that need more external finance.• Our paper suggests that competition has disciplinary effects thatoutweigh any possible screening benefits from entry restrictions. Ifso, moves to reduce bureaucratic entry regulations will helpcountries.8
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Page 1 and 2: Barriers to EntrepreneurshipLeora K
Page 3 and 4: Contribution• We first show that
Page 5 and 6: Entry Regulations HamperEntrepreneu
Page 7: Are Entry BarriersSocially Harmful

Barriers to Entrepreneurship - World Bank

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