Business Removing

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DOING BUSINESS INDICATORS 95 Protecting Investors Enforcing Contracts Closing a <strong>Business</strong> January 2004 January 2004 January 2004 Recovery rate Disclosure index Number of Time Cost Time Cost (cents on Economy (0–7) procedures (days) (% of debt) (years) (% of estate) the dollar) Albania 3 39 390 28.6 4.0 38 24.6 Algeria 2 49 407 28.7 3.5 4 37.0 Angola 2 47 1011 9.2 4.7 18 1.2 Argentina 5 33 520 15.0 2.8 18 23.5 Armenia 3 24 195 17.8 1.9 4 39.6 Australia 6 11 157 14.4 1.0 8 80.0 Austria 6 20 374 9.8 1.0 18 72.5 Azerbaijan 2 25 267 19.8 2.7 8 33.2 Bangladesh 3 29 365 21.3 4.0 8 23.2 Belarus 1 28 250 20.7 5.8 4 11.9 Belgium 4 27 112 6.2 0.9 4 86.2 Benin 1 49 570 29.6 3.1 18 8.8 Bhutan 1 20 275 113.8 NO NO PRACTICE PRACTICE 0.0 Bolivia 2 47 591 10.6 1.8 18 32.5 Bosnia and Herzegovina 2 36 330 19.6 3.3 8 32.1 Botswana 5 26 154 24.8 2.2 18 50.9 Brazil 5 25 566 15.5 10.0 8 0.2 Bulgaria 2 34 440 14.0 3.3 8 34.2 Burkina Faso 1 41 458 92.5 4.0 8 6.4 Burundi 1 51 512 35.0 4.0 18 16.4 Cambodia 0 31 401 121.3 NO NO PRACTICE PRACTICE 0.0 Cameroon 1 58 585 36.4 3.2 18 21.4 Canada 7 17 346 12.0 0.8 4 89.1 Central African Republic 1 45 660 72.2 4.8 76 0.0 Chad 1 52 526 54.9 10.0 76 0.0 Chile 6 28 305 10.4 5.6 18 19.3 China 4 25 241 25.5 2.4 18 35.2 Colombia 2 37 363 18.6 3.0 1 54.6 Congo, Dem. Rep. 1 51 909 256.8 5.2 18 1.9 Congo, Rep. 3 47 560 43.0 3.0 38 10.3 Costa Rica 1 34 550 41.2 3.5 18 15.5 Côte d’Ivoire 2 25 525 47.6 2.2 18 14.8 Croatia 4 22 415 10.0 3.1 18 26.1 Czech Republic 6 22 300 9.6 9.2 18 16.8 Denmark 5 15 83 6.6 3.4 8 59.8 Dominican Republic 1 29 580 35.0 3.5 8 17.1 Ecuador 1 41 388 15.3 4.3 18 18.1 Egypt, Arab Rep. 2 55 410 18.4 4.2 18 18.4 El Salvador 1 41 275 12.5 4.0 8 24.9 Estonia 4 25 150 10.6 3.0 8 40.0 Ethiopia 2 30 420 14.8 2.4 8 40.0 Finland 5 27 240 7.2 0.9 1 90.2 France 6 21 75 11.7 1.9 8 46.6 Georgia 5 18 375 31.7 3.2 4 20.3 Germany 5 26 184 10.5 1.2 8 50.3
96 DOING BUSINESS IN 2005 Protecting Investors Enforcing Contracts Closing a <strong>Business</strong> January 2004 January 2004 January 2004 Recovery rate Disclosure index Number of Time Cost Time Cost (cents on Economy (0–7) procedures (days) (% of debt) (years) (% of estate) the dollar) Ghana 2 23 200 14.4 1.9 18 28.2 Greece 5 14 151 12.7 2.0 8 45.6 Guatemala 1 37 1459 14.5 4.0 18 18.3 Guinea 4 44 306 27.6 3.8 8 22.2 Haiti 1 35 368 25.0 5.7 38 1.5 Honduras 0 36 545 33.1 3.7 8 21.5 Hong Kong, China 6 16 211 12.9 1.1 8 82.3 Hungary 5 21 365 8.1 2.0 23 30.8 India 4 40 425 43.1 10.0 8 12.5 Indonesia 4 34 570 126.5 6.0 18 10.6 Iran, Islamic Rep. 2 23 545 12.0 4.5 8 19.1 Ireland 6 16 217 21.1 0.4 8 88.9 Israel 7 27 585 22.1 4.0 23 38.0 Italy 5 18 1390 17.6 1.2 18 43.5 Jamaica 2 18 202 27.8 1.1 18 63.5 Japan 6 16 60 8.6 0.5 4 92.4 Jordan 3 43 342 8.8 4.3 8 26.7 Kazakhstan 5 41 400 8.5 3.3 18 13.4 Kenya 2 25 360 41.3 4.5 18 14.7 Korea, Rep. 6 29 75 5.4 1.5 4 81.1 Kuwait 1 52 390 13.3 4.2 1 38.7 Kyrgyz Republic 3 46 492 47.9 3.5 4 24.4 Lao PDR 1 53 443 30.3 5.0 76 0.0 Latvia 5 23 189 11.0 1.1 4 85.0 Lebanon 1 39 721 26.7 4.0 18 19.3 Lesotho 4 49 285 23.9 2.6 8 33.0 Lithuania 6 17 154 14.1 1.2 8 52.4 Macedonia, FYR 4 27 509 32.8 3.7 38 7.9 no no Madagascar 1 29 280 22.8 practice practice 0.0 Malawi 2 16 277 136.5 2.6 8 17.6 Malaysia 5 31 300 20.2 2.3 18 35.4 Mali 1 28 340 34.6 3.6 18 6.3 Mauritania 1 28 410 29.3 8.0 8 6.1 Mexico 5 37 421 20.0 1.8 18 64.5 Moldova 3 37 280 16.2 2.8 8 29.3 Mongolia 3 26 314 22.6 4.0 8 16.5 Morocco 4 17 240 17.7 1.8 18 34.8 Mozambique 2 38 580 16.0 5.0 8 12.3 Namibia 1 31 270 28.3 1.0 4 53.7 Nepal 3 28 350 25.8 5.0 8 25.8 Netherlands 5 22 48 17.0 1.7 1 86.2 New Zealand 5 19 50 4.8 2.0 4 71.4 Nicaragua 1 18 155 16.3 2.2 8 38.1 Niger 1 33 330 42.0 5.0 18 2.6 Nigeria 6 23 730 37.2 1.5 18 33.2 Norway 5 14 87 4.2 0.9 1 87.9
Page 2 and 3:
Doing Business in 2005 Removing Obs
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Contents Doing Business in 2005 is
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2 DOING BUSINESS IN 2005 FIGURE 1.1
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4 DOING BUSINESS IN 2005 FIGURE 1.4
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6 DOING BUSINESS IN 2005 TABLE 1.3
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8 DOING BUSINESS IN 2005 Notes 1. P
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10 DOING BUSINESS IN 2005 eration w
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12 DOING BUSINESS IN 2005 Based on
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14 DOING BUSINESS IN 2005 FIGURE 2.
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17 Starting a business Who is refor
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STARTING A BUSINESS 19 BOX 3.1 Who
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FIGURE 3.4 “More difficult” can
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STARTING A BUSINESS 23 Introduce te
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HIRING AND FIRING WORKERS 25 Hiring
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HIRING AND FIRING WORKERS 27 TABLE
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HIRING AND FIRING WORKERS 29 FIGURE
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HIRING AND FIRING WORKERS 31 FIGURE
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33 Registering property Who makes r
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REGISTERING PROPERTY 35 BOX 5.1 Who
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REGISTERING PROPERTY 37 FIGURE 5.4
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REGISTERING PROPERTY 39 Others are
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41 Getting credit Who is increasing
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GETTING CREDIT 43 TABLE 6.1 Coverag
Page 50 and 51: GETTING CREDIT 45 ment only takes t
Page 52 and 53: GETTING CREDIT 47 losing possession
Page 54 and 55: 49 Protecting investors Who uses eq
Page 56 and 57: PROTECTING INVESTORS 51 FIGURE 7.1
Page 58 and 59: PROTECTING INVESTORS 53 FIGURE 7.4
Page 60 and 61: PROTECTING INVESTORS 55 national in
Page 62: PROTECTING INVESTORS 57 With langui
Page 65 and 66: 60 DOING BUSINESS IN 2005 FIGURE 8.
Page 67 and 68: 62 DOING BUSINESS IN 2005 In Lithua
Page 69 and 70: 64 DOING BUSINESS IN 2005 FIGURE 8.
Page 71 and 72: 66 DOING BUSINESS IN 2005 enforceme
Page 73 and 74: 68 DOING BUSINESS IN 2005 tion and
Page 75 and 76: 70 DOING BUSINESS IN 2005 Japan hav
Page 77 and 78: 72 DOING BUSINESS IN 2005 Provide s
Page 80 and 81: 75 References Acemoglu, Daron. 2003
Page 82 and 83: REFERENCES 77 ———. forthcomin
Page 84 and 85: 79 Data notes Economy characteristi
Page 86 and 87: DATA NOTES 81 Cost measure The text
Page 88 and 89: DATA NOTES 83 Assumptions about the
Page 90 and 91: DATA NOTES 85 such as government or
Page 92: DATA NOTES 87 Assumptions about the
Page 95 and 96: 90 DOING BUSINESS IN 2005 Starting
Page 97 and 98: 92 DOING BUSINESS IN 2005 Registeri
Page 99: 94 DOING BUSINESS IN 2005 Registeri
Page 103 and 104: 98 DOING BUSINESS IN 2005 ALBANIA G
Page 105 and 106: 100 DOING BUSINESS IN 2005 BANGLADE
Page 107 and 108: 102 DOING BUSINESS IN 2005 BRAZIL G
Page 109 and 110: 104 DOING BUSINESS IN 2005 CHAD GNI
Page 111 and 112: 106 DOING BUSINESS IN 2005 CROATIA
Page 113 and 114: 108 DOING BUSINESS IN 2005 ETHIOPIA
Page 115 and 116: 110 DOING BUSINESS IN 2005 GUINEA G
Page 117 and 118: 112 DOING BUSINESS IN 2005 IRELAND
Page 119 and 120: 114 DOING BUSINESS IN 2005 KOREA, R
Page 121 and 122: 116 DOING BUSINESS IN 2005 MACEDONI
Page 123 and 124: 118 DOING BUSINESS IN 2005 MONGOLIA
Page 125 and 126: 120 DOING BUSINESS IN 2005 NIGER GN
Page 127 and 128: 122 DOING BUSINESS IN 2005 PERU GNI
Page 129 and 130: 124 DOING BUSINESS IN 2005 SAUDI AR
Page 131 and 132: 126 DOING BUSINESS IN 2005 SPAIN GN
Page 133 and 134: 128 DOING BUSINESS IN 2005 TOGO GNI
Page 135 and 136: 130 DOING BUSINESS IN 2005 URUGUAY
Page 138 and 139: ACKNOWLEDGMENTS 133 Acknowledgments
Page 140 and 141: ACKNOWLEDGMENTS 135 Angela Zaffalon
Page 142 and 143: ACKNOWLEDGMENTS 137 Nolan Stringfie
Page 144 and 145: ACKNOWLEDGMENTS 139 Thomas Bang LVP
Page 146 and 147: ACKNOWLEDGMENTS 141 Günter Schneid
Page 148 and 149: ACKNOWLEDGMENTS 143 Gavin Doherty E
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ACKNOWLEDGMENTS 145 Indrikis Liepa
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ACKNOWLEDGMENTS 147 Phillip Mwangal
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ACKNOWLEDGMENTS 149 Nestor Espenill
Page 156 and 157:
ACKNOWLEDGMENTS 151 Beng Hong Ong W
Page 158 and 159:
ACKNOWLEDGMENTS 153 Leopold Thomas
Page 160:
ACKNOWLEDGMENTS 155 Marcela Hughes
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