Doing business in the PIGS (Portugal, Italy, Greece and Spain) – World Bank rankings
03 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, currency unions, economic growth, economics of bureaucracy, economics of regulation, Euro crisis, health and safety, income redistribution, industrial organisation, labour economics, law and economics, minimum wage, occupational regulation, property rights, Public Choice, rentseeking, survivor principle, unions, welfare reform Tags: cost of doing business, Eurosclerosis, Greece, Italy, PIGS, Portugal, Spain
Figure 1: Doing Business rankings, PIGS, 2014
Source: World Bank Doing Business 2015.
All in all, Italy and Greece are a dog of a place to enforce a contract. The long-suffering taxpayer is better off paying taxes in Greece than in Italy! Not surprisingly, trading across borders is the greatest strength in doing business in the PIGS. The European Union does have some benefits.
Figure 2: Doing Business rankings, Greece and Italy, 2014
Source: World Bank Doing Business 2015.
All in all, Italy and Greece are equally bad places to do business and Italy is much worse when it comes to taxes. About the only saving graces of Italy is the registration of property and the protection of minority interests in companies.
Figure 3: Doing Business rankings, Spain and Portugal, 2014
Source: World Bank Doing Business 2015.
Spain and in particular Portugal are much better places to do business than Italy and Greece.
The media history of climate change scares
03 Jul 2015 Leave a comment
in economic history, economics of media and culture, energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, politics - Australia, politics - New Zealand, politics - USA, rentseeking, survivor principle Tags: climate alarmism, global cooling, global warming, media bias
A lot of people stop using their Twitter account
01 Jul 2015 Leave a comment
in economics of media and culture, industrial organisation, survivor principle Tags: creative destruction, Twitter
Kids Create Cafeteria Black Market To Bypass Food Nannies
30 Jun 2015 Leave a comment
in economics of crime, economics of education, economics of regulation, entrepreneurship, health economics, industrial organisation, law and economics, survivor principle Tags: black markets, economics of prohibition, entrepreneurial alertness, food, nanny state, police, The fatal conceit, unintended consequences
Terrorist attacks and tourism
30 Jun 2015 Leave a comment
in economics of media and culture, industrial organisation, international economics, politics - Australia, politics - New Zealand, politics - USA, survivor principle, war and peace Tags: economics of tourism, war on terror
Daily chart: Tourist visits before and after African terror attacks econ.st/1JmvUN3 http://t.co/5nWKUQbey8—
The Economist (@TheEconomist) June 30, 2015
A great incentive to donate blood in Sweden
30 Jun 2015 Leave a comment
in health economics, industrial organisation, survivor principle Tags: blood donors, entrepreneurial alertness
In Stockholm, blood donors get a text when they’ve saved a life citymetric.com/horizons/stock… http://t.co/JIPXFfKtbM—
(@CityMetric) June 29, 2015
Greece (61st) is ranked one above the Russia in the World Bank’s Doing Business Survey 2015
29 Jun 2015 Leave a comment
in economics of bureaucracy, economics of crime, economics of regulation, industrial organisation, labour economics, law and economics, property rights, Public Choice, rentseeking Tags: cost of doing business, Euroland, Greece, Russia, sovereign defaults, transitional economies, World Bank
Figure 1: Greek and Russian Doing Business sub-rankings, 2015
Source: World Bank Doing Business 2015.
As long as you’re not in a construction or export business, and don’t mind waiting for your electricity, it’s better to do business in Russia than in Greece! The main difference between Russia and Greece is its membership of the European Union makes it easy to export?
In Russia, it’s easier to start a business, register property and enforce contracts than it is in Greece!
There is creative destruction in printers too
28 Jun 2015 Leave a comment
GRAPHIC: Why your middle-class salary is better than you might think
washingtonpost.com/blogs/wonkblog… http://t.co/vvRCo0PNel—
Mark J. Perry (@Mark_J_Perry) June 15, 2015
Dealing with the Spanish bureaucracy
28 Jun 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, industrial organisation, Public Choice, rentseeking, survivor principle Tags: cost of doing business, endogenous growth theory, Eurosclerosis, Spain
Creative destruction in Telco consumer spending
28 Jun 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: cell phones, creative destruction, market selection, smart phones, The meaning of competition
The internet/mobile revolution, in one simple consumer-spending chart bloombergview.com/articles/2015-… http://t.co/8XAfEkgkF0—
Justin Fox (@foxjust) April 02, 2015
The decline and fall of the documentary channels in one picture
27 Jun 2015 Leave a comment
in economics of media and culture, industrial organisation, survivor principle, TV shows Tags: infotainment
How drugs move all around the world.
27 Jun 2015 Leave a comment
in economics of crime, industrial organisation Tags: black markets, drug trade, economics of prohibition, maps
These three maps show how drugs move all around the world. bloomberg.com/news/articles/… via @sangwonyoon http://t.co/wIjUBEXyt7—
Bloomberg Markets (@markets) June 26, 2015
More minimum wage job replacement units spotted
26 Jun 2015 Leave a comment
in industrial organisation, labour economics, labour supply, minimum wage, survivor principle, unions Tags: antimarket bias, creative destruction, expressive voting, technological unemployment
Uber has grown faster in its first five years than Facebook
26 Jun 2015 Leave a comment
in economic history, economics of media and culture, financial economics, industrial organisation, survivor principle Tags: creative destruction, Facebook, Uber
Uber has grown faster in its first five years than Facebook did buff.ly/1eTxaNH http://t.co/dD1Gv1djkb—
Business Insider (@businessinsider) June 06, 2015
Utopia, you are standing in it! 
Recent Comments