Procedures, time, cost and paid-in minimum capital to start a business
Procedures, time and cost to complete all formalities to build a warehouse Procedures, time and cost to get connected to the electrical grid Procedures, time and cost to transfer a property Movable collateral laws and credit information systems Minority shareholders rights in relatedparty transactions and in corporate governance Payments, time and total tax rate for a firm to comply with all tax regulations Time and cost to resolve a commercial dispute Time, cost, outcome and recovery rate for a commercial insolvency and strength of the legal framework for insolvency Additions Quality of building regulation and its implementation Reliability of electricity supply, transparency of tariffs and price of electricity Quality of the land administration system Quality of judicial processes Changes Time and cost to export the product of comparative advantage and import auto parts Measuring the quality of regulation is not new for Doing Business; some indicator sets have always addressed aspects of regulatory quality, such as those on getting credit and protecting minority investors. But the improvements being introduced in Doing Business indicators are increasing the emphasis on the quality of regulation as a complement to the initial emphasis on its efficiency. Last years report expanded the indicator sets for three topics to capture aspects of quality; this years report introduces changes in the indicator sets for five others, in most cases also by expanding them to measure quality as well as efficiency (figure 1.1). There are different ways to assess the quality of regulation. One way is to evaluate the process leading to the creation of new regulations, by looking at such aspects as whether consultations take place with stakeholders or whether regulatory impact assessments are carried out. Another is to analyze the perceptions of citizens or experts about a governments ability to formulate sound policies and regulations and implement them in a predictable fashion. Doing Business uses a different approach to measuring the quality of regulation. It focuses on whether an economy has in place the rules and processes that can lead to good outcomes, linked in each case to Doing Business measures of efficiency. In the area of dealing with construction permits, for example, Doing Business now measures the quality of building regulations and the qualification requirements for the people reviewing building plans as well as the efficiency (as measured by time and cost) of the process for completing all the formalities to build a warehouse. Doing Business does not assess the process for designing building regulations; instead, it gauges whether an economy has the kind of building regulations and quality controls that enable well-constructed
buildings. Doing Business continues to focus on regulation that affects
domestic small and medium-size enterprises, operating in the largest business city of an economy, across 11 areas.1 Ten of these areas starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency are included in the distance to frontier score and ease of doing business ranking. The distance to frontier score captures the gap between an economys performance and a measure of best practice across the entire sample of 36 indicators, where 100 is the frontier and 0 is the furthest from the frontier. Doing Business also analyzes labor market regulation, which is not included in the distance to frontier score or ease of doing business ranking.2
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Slovenia Spain Czech Republic \ Romania Bulgaria Croatia Hungary Belgium Belarus Italy Cyprus Moldova Serbia Greece