Abstract
The analysis of the form in which a business is founded is highly important for the economic development of a country and the regulation of the administrative sector can improve economic performances. This paper is intended to address the study of the manner in which the social and economic development indicators affect the number of procedures and time required to start a business and also the financial aspect that characterizes this entrepreneurial activity. In order to carry out this analysis, we have constructed a sample, which includes 125 countries pertaining to all continents for which we have recorded, besides the three variables, the values for the social and economic development indicators. We have completed our analysis through the graphical representations of the variables that define the administrative framework as a function of the social progress index, respectively, GDP/capita. Consequently, after constructing these graphs and computing the correlation coefficient, we have discovered reverse connections between all combinations of the variables that are subject to our study. The results obtained have implications in the development of the business sector and aid the legal mechanisms to implement regulations and norms aimed to facilitate the access of future entrepreneurs to the business environment.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Bishop, M. (2013, April 18). Beyond GDP. Retrieved from The Economist: www.economist.com.
Bruhn, M. (2011). License to sell: The effect of business registration reform on entrepreneurial activity in Mexico. Review of Economics and Statistics, 93, 382–386.
Djankov, S., La Porta, R., Lopez-De-Silanes, F., & Shleifer, A. (2002, February). The regulation of entry. The Quarterly Journal of Economics, 31, 595–619.
Djankov, S., Glaeser, E., La Porta, R., Lopez-de-Salinas, F., & Shleifer, A. (2003). The new comparative economics. Journal of Comparative Economics, 31, 595–619.
Doing Business. (2012). Doing business in a more transparent world. Washington, DC: The International Bank for Reconstruction and Development/The World Bank.
Doing Business. (2014). Doing business 2015 going beyond efficiency. Washington, DC: International Bank for Reconstruction and Development/The World Bank.
Fehder, D., & Stern, S. (2013). The social progress index methodology (pp. 39–54). Washington, DC: Social Progress Imperative.
Klapper, L., & Love, I. (2010). The impact of business environment reforms on new firm registration. The World Bank. Policy Research Working Paper Series 5493.
Klapper, L., Amit, R., Guillén, M. F., & Quesada, J. M. (2007, September). Entrepreneurship and firm formation across countries. Research at The World Bank.
van Stel, A., Storey, D. J., & Thurik, R. A. (2007). The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics, 171–186.
Verstraete, T., & Jouison-Laffitte, E. (2011). A conventionalist theory of the business model in the context of business creation for understanding organizational impetus. Management International, 15, 109–124.
Acknowledgments
We would like to acknowledge the Ph.D. scholarship: Investing in People! Project cofinanced by the Sectoral Operational Program for Human Resources Development 2007–2013, Priority Axis 1. “Education and training in support for growth and development of a knowledge based society,” key area of intervention 1.5: Doctoral and post-doctoral programs in support of research. Contract nr. POSDRU/159/1.5/S/137070 – “Increasing the attractiveness and performance of training programs for doctoral and postdoctoral researchers in engineering sciences - ATRACTING,” Technical University of Timisoara, Romania.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing AG
About this chapter
Cite this chapter
Avram, B., Brad, S. (2017). Country Benchmarking for Setting Up a New Business. In: Vaduva, S., Fotea, I., Thomas, A. (eds) Development, Growth and Finance of Organizations from an Eastern European Context. Springer, Cham. https://doi.org/10.1007/978-3-319-54454-0_1
Download citation
DOI: https://doi.org/10.1007/978-3-319-54454-0_1
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-54453-3
Online ISBN: 978-3-319-54454-0
eBook Packages: Business and ManagementBusiness and Management (R0)