The Role of Regulation on Entry
This paper studies the effects of
differences in local administrative burdens in Italy in the
years 2005–2007 preceding a major reform that sped up firm
registration procedures. Combining regulatory data from a
survey on Italian provinces before the reform (costs and
time to start a business) with industry-level entry rates of
limited liability firms, it explores the effects of
regulatory barriers on the average of the annual entry rates