Regulatory Reforms after Covid
Fiscal crises, particularly following a pandemic of the magnitude of Covid-19, spur regulatory reform, for example in registering property, trading...
Public Procurement in Law and Practice
We examine a new data set of laws and practices governing public procurement, as well as procurement outcomes, in 187 countries. We measure regulation...
Survival of Firms during Economic Crisis
We estimate the survival time of nearly 7,000 firms in a dozen of high-income and middle-income countries in a scenario of extreme economic distress...
When economic informality is high, cash transfers may be the best Covid response
Job retention schemes, unemployment benefits and business loans may not apply in many developing countries, write Erica Bosio and Simeon Djankov.
The simplest way to unlock $4.65 trillion in liquidity for firms
Governments wondering how to help the private sector should look no further: just pay your bills on time, write Erica Bosio, Simeon Djankov, Emilia...
Southern European and emerging market firms are under severe distress
With lockdown measures in place almost worldwide now, cash-flow represents a significant concern for firms across multiple sectors. It remains to be...
A Restart Procedure to Deal with Covid-19
Governments around the world are assisting firms to deal with the adverse effects of Covid-19. Most forms of government assistance provided so far...
Europe's pandemic price tag to keep firms afloat
Simeon Djankov's testimony before the members of the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.
The effects of recessionary stimulus programmes: New evidence from the UK’s Enterprise Finance Guarantee scheme
Loan guarantees to small businesses are emerging as a main policy response during the COVID-19 crisis. Using evidence from the UK’s Enterprise Finance...
How long can firms survive in the Covid-19 crisis?
Median survival time ranges from 8 to 19 weeks across 12 countries. Worryingly, this is not correlated with firm size, age or productivity, which...
It’s time for a recovery plan
With businesses fast running out of cash, governments need to roll out a loan program that builds on the recently-created job retention scheme, write...
How to restart the economy after Covid-19
Governments can do two things to keep businesses afloat: temporarily suspend bankruptcy procedures, and design a post-crisis restart process, write...
The Post-communist Transition at 30
In the 30 years since the fall of communism, the countries of the former Soviet bloc and Yugoslavia have undergone tremendous change. Income per...
Measuring Human Capital
Students around the world are going to school but are not learning – an emerging gap in human capital formation. To understand this gap, we introduce...
Communism as the Unhappy Coming
We show that Eastern Orthodox believers are less happy compared to those of Catholic and Protestant faith using data covering more than 100 countries...
Business Regulation and Poverty
Using panel data for 189 economies from 2004 to 2016, we show that business-friendly regulations are correlated with the poverty headcount at the...