.png "Philippines New businesses registered (number)")
| Data: | New businesses registered (number) | ||||||||
| Year: | 1960 - 2013 | ||||||||
| Country: | Philippines | ||||||||
| Source: | World Bank (the information in this section is direct quotation from World Bank development data) | ||||||||
| Series Code: | IC.BUS.NREG | ||||||||
| Topic: | Private Sector & Trade: Business environment | ||||||||
| Short Definition: | 0 | ||||||||
| Long Definition: | New businesses registered are the number of new limited liability corporations registered in the calendar year. | ||||||||
| Unit of Measurement: | 0 | ||||||||
| Periodicity: | Annual | ||||||||
| Base Period: | 0 | ||||||||
| Reference Period: | 0 | ||||||||
| Aggregation method: | 0 | ||||||||
| Limitations and exceptions: | The
definition of entrepreneurship used is limited to the formal sector. Yet, it
should be noted that the exclusion of the informal sector is based on the
difficulties of quantifying the number of firms that compose it, rather than
on its relevance for developing economies. The Entrepreneurship Database
facilitates the analysis of the growth of the formal private sector and the
identification of factors that encourage firms to begin operations in or
transition to the formal sector. Data is collected all limited liability
corporations regardless of size. Partnerships and sole proprietorships are
not considered in the analysis due to the differences with respect to their
definition and regulation worldwide. Data on the number of total or closed
firms are not included due to heterogeneity in how these entities are defined
and measured. The Entrepreneurship Database is a critical source of data that facilitates the measurement of entrepreneurial activity across countries and over time. The data also allows for a deeper understanding of the relationship between new firm registration, the regulatory environment, and economic growth. Previous research using the Entrepreneurship Database has shown a significant relationship between the level of cost, time, and procedures required to start a business and new firm registration. To facilitate cross-country comparability, the Entrepreneurship Database employs a consistent unit of measurement, source of information, and concept of entrepreneurship that is applicable and available among the diverse sample of participating economies. |
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| Notes from original source: | 0 | ||||||||
| General Comments: | For cross-country comparability, only limited liability corporations that operate in the formal sector are included. | ||||||||
| Original Source: | World Bank's Entrepreneurship Survey and database (http://econ.worldbank.org/research/entrepreneurship). | ||||||||
| Statistical concept and methodology: | To
facilitate cross-country comparability, the Entrepreneurship Database employs
a consistent unit of measurement, source of information, and concept of
entrepreneurship that is applicable and available among the diverse sample of
participating economies. The data collection process involves telephone interviews and email correspondence with business registries in over 150 economies. The main sources of information for this study are national business registries. In a limited number of cases where the business registry was unable to provide the data - most often due to an absence of digitized registration systems - the Entrepreneurship Database uses other alternatives sources, such as statistical agencies, tax and labor agencies, chambers of commerce, and private vendors or publicly available data. The units of measurement are private, formal sector companies with limited liability. |
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| Development relevance: | Entrepreneurship
is a critical part of economic development and growth and important for the
continued dynamism of the modern economy. To measure entrepreneurial
activity, annual data is collected directly from 150 company registrars on
the number of newly registered firms over the past seven years. The data
shows the trends in new firm creation across regions, the relationship
between entrepreneurship and the business environment and financial
development, and the financial crisis' effect on the entrepreneurial activity
in the formal sector. Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure. |
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