Business regulations and economic growth: What can be explained?

Abstract

This paper investigates business regulations-economic growth nexus in 162 countries over the period 2007-2011. It uses ten indicators of Doing Business and a set of control variables. The results provide a robust link between regulation indices and economic growth except Trading Across Borders and Dealing with Construction Permits indices. Regulation indices and control variables don't matter in term of growth induction in Africa. This finding suggests some policy conclusions that can help poor nations to grow faster.