Ease of Doing Business and GDP growth

I previously wrote about the World Bank's "Doing Business" here. Their new report is out, the overview can be downloaded directly here. The Economist sites a study that is important to note:

"... in poor countries, a ten-day reduction in the time it takes to start a business can lead to an increase of 0.4 percentage points in GDP growth. Another shows that people who have a formal title to their property invest as much as 47% more in their businesses."

The World Bank - "Doing Business"

I was prompted to dig deeper into "Doing Business" here, an effort under the World Bank. Ratings on 181 countries showing rankings such as "Ease of doing business", "Dealing with construction permits", "Protecting investors", "Paying taxes", etc. See the complete list here.

The Economist quotes Robert Litan, of the Kauffman Foundation, "... the World Bank may have done more good by compiling "Doing Business" than by lending much of the money that it has."