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Entrepreneurship Snapshots 2010: Measuring the Impact of the Financial Crisis on New Business Registrationby World Bank
Synopses & Reviews
The World Bank Group Entrepreneurship Snapshots (WBGES), now in its fourth year, tracks new business registration around the world; data from this survey can be used to study the factors that foster dynamic private sector growth. The measurement of entrepreneurship in 112 developing and high-income economies over 2004-09 offers a distinctive and t imely snapshot of the impact of the 2008 financial crisis on entrepreneurial activity. WBGES 2010 results can help guide effective policy making and deliver new capabilities to identify the impact of reforms.
The study reveals wide variation in new business registration. On average, about four new firms register every year for every 1,000 working-age individuals in high-income economies, while there is less than one new firm registered per 1,000 individuals in low and middle-income economies. More dynamic business creation occurs in economies that provide entrepreneurs with a stable legal and regulatory regime, a fast and inexpensive business registration process, more flexible employment regulations, and low corporate taxes.
The data also show that during the crisis, nearly all economies experienced a sharp drop in business registration---a drop that was more pronounced in countries with higher levels of economic development and in those more affected by the crisis.
Table of Contents
Overview — Methodology — Data and statistics — Entrepreneurship and business environment — Entrepreneurship and the financial crisis — Conclusion.
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Business » Accounting and Finance