Main Article Content

Abstract

Since 2003, the World Bank has produced an annual report ranking economies based on ease of doing business score. However, little is known whether the improvements made by evaluated economies on starting business indicators are statistically significant as claimed by the World Bank. This study aims to evaluate the extent to which starting business indicators were improved in 145 economies evaluated. Indicators assessed are score-starting a business (SBS), starting a business - procedures -men (SBPM), Starting a business –time-men (SBTM), Starting a Business - Cost - Men (SBCM), starting a business - procedures - women (SBPW), starting a business - Time - Women (SBTW), Starting a Business - Cost - Women (SBCW), and Starting a Business - Paid-in Minimum capital (SBPMC). This study used secondary quantitative data retrieved from the database of the World Bank for the 2004 and 2020 periods. The sample size was made by 145 economies. Wilcoxon-sign-rank-test-paired-sample was computed using R programming environment. The results of the Wilcoxon-sign-rank-test-paired-sample indicated that the mean differences are statistically different from zero for all indicators except evaluated. This means economies evaluated improved those indicators for 2020 compared to 2004. The study’s findings provide clear insight to policymakers regarding innovations made on the efforts of ease of doing business improvement. Better use of the findings of this study would lead to reducing corruption and increasing formal business, increasing the number of newly registered businesses, generating an increase in business opportunities of starting a new business, and increasing the productivity of companies. This study evaluated whether business regulatory implemented regarding starting a business was statically significant. Future research should be conducted to test empirically the significance of implemented procedures related to other indicators evaluated in doing business reports. This research is novel by testing empirically innovations made in 145 world economies on starting business requirements.

Keywords

Starting Business Business Procedures Business Cost

Article Details

Author Biography

Antoine Niyungeko, Bujumbura Light University (Burundi)

PhD in International Entrepreneurship, Independent Consultant, Temporary Teacher.

How to Cite
Niyungeko, A. (2021). Evaluating Starting a Business Indicators Innovation in the World. Management & Economics Research Journal. https://doi.org/10.48100/merj.2022.172
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