Entrepreneurship : New Data on Business Creation and How to Promote It

Abstract

The World Bank Group Entrepreneurship Survey continues to extend our knowledge of the importance of entrepreneurship for a dynamic economy. In its second year, with more countries participating, the survey again shows a strong relationship between entrepreneurship, the business environment, and governance. New data shed light on how the distribution of businesses among sectors varies by level of development. And analysis of new data on business registration suggests that automation can greatly reduce the barriers to starting a business. This finding makes a strong case for pursuing e-government initiatives to spur entrepreneurship.