Attention Economy


Sunday, November 4, 2018

Ease of Doing Business Rankings

World Bank’s Ease of Doing Business 

Most criticisms of the Doing Business rankings miss the point

How the big emerging economies climbed the World Bank business ranking

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Relevance of World Bank Ratings:
“As economists Mary Hallward-Driemeier and Lant Pritchett have noted, where the informal economy thrives and regulations are poorly enforced, the de jure regulations measured by the World Bank are often only tangentially related to the de facto processes that businesses encounter.”

Related:
Besley, Timothy. 2015. "Law, Regulation, and the Business Climate: The Nature and Influence of the World Bank Doing Business Project." Journal of Economic Perspectives, 29(3): 99-120.
Hallward-Driemeier, Mary, and Lant Pritchett. 2015. "How Business Is Done in the Developing World: Deals versus Rules." Journal of Economic Perspectives, 29(3): 121-40.