Ease of Doing Business: Differences between OECD and Non-OECD Countries

This article aims to identify indicators which measure business regulation used in Doing Business Ranking are related and can be used as predictors of starting a business. This study used the Doing Business 2018 data set, clustered on the country's income group classifications. The results show significant differences in starting a business, depending on the country's income or being a member of OECD. A moderate correlation was observed among economic regulators. The variables that account for most of the explanation of the variation of starting a business are: Paying taxes, dealing with construction permits, obtaining credit, enforcing contract and protecting minority investors. The contribution of the study is to show that certain regulators allow estimating the performance of the country in starting a business and what is the difference of influence according to the country's income classification.