Reversal of Fortune for Political Incumbents after Oil Shocks
This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election dataset for 207 elections across 50 democracies...
COVID-19: an opportunity to digitise property transactions
Online transactions bring speed and cost efficiency, fostering the expansion of the real estate market, write Marie Delion and Simeon Djankov.
Regulatory reforms: the silver lining after COVID-19
Fiscal crises spur regulatory reform, which, in turn, speed up economic recovery, write Simeon Djankov, Dorina Georgieva and Hibret Maemir.
How governments can ease the entry of ‘recovery entrepreneurs'
Crises bring creative destruction. It's time to help new companies and job opportunities emerge, write Simeon Djankov and Frederic Meunier.
Gendered Laws And Women In The Workforce
This paper offers for the first time a global picture of gender discrimination by the law as it affects women’s economic opportunity and charts the...
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...
