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CodeIC.GOV.DURS.ZS
Indicator NameTime spent dealing with the requirements of government regulations (% of senior management time)
Short definitionAverage percentage of senior management’s time that is spent in a typical week dealing with requirements imposed by government regulations (eg. Taxes, customs, labor regulations, licensing and registration), including dealings with officials, completing forms, et cetera.
Long definitionAverage percentage of senior management’s time that is spent in a typical week dealing with requirements imposed by government regulations (eg. Taxes, customs, labor regulations, licensing and registration), including dealings with officials, completing forms, et cetera.
SourceEnterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data
TopicPrivate Sector & Trade: Business environment
DatasetWDI
Unit of measurePercentage
PeriodicityAnnual
Reference period2002-2024
Aggregation methodUnweighted average
Development relevanceThe Enterprise Surveys focus on the many factors that shape the business environment. These factors can be accommodating or constraining for firms and play an important role in whether a country will prosper or not. An accommodating business environment is one that encourages firms to operate efficiently. Such conditions strengthen incentives for firms to innovate and to increase productivity—key factors for sustainable development. A more productive private sector, in turn, expands employment and contributes taxes necessary for public investment in health, education, and other services. In contrast, a poor business environment increases the obstacles to conducting business activities and decreases a country’s prospects for reaching its potential in terms of employment, production, and welfare. Good economic governance in areas of regulations, permits and licenses are among the fundamental pillars for the creation of a favorable business environment. The Enterprise Surveys provide qualitative and quantitative measures of regulations. For example, the Enterprise Surveys approximates the “time tax” imposed by regulations: it measures the time spent by senior management in meetings with public officials. Another indicator, the average number of visits or required meetings with tax officials, measures the average number of tax inspections or meetings with tax inspectors in each year. Effective regulations address market failures that inhibit productive investment and reconcile private and public interests. The number of permits and approvals that businesses need to obtain, and the time it takes to obtain them, are expensive and time consuming. The existing legislation of a country also determines the mix of legal forms private firms take and determines the level of protection for investors thus affecting the incentives to invest. Those indicators focus on the efficiency of business licensing and permit services. The indicators evaluate the delays faced when demanding these services.
License URLhttps://datacatalog.worldbank.org/public-licenses#cc-by
License TypeCC BY-4.0
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