2017年-世界发展银行全球_Economy_Profile_of_Jamaica_68页_1mb

Doing Business 2018 Summary: Jamaica

Core Content

The Doing Business 2018 report is a World Bank Group flagship publication that evaluates and compares business regulations across 190 economies. It focuses on key areas such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The report also includes labor market regulation indicators.

Main Purpose

The report aims to:

• Provide objective measures of business regulations and their enforcement.
• Encourage economies to reform regulations for greater efficiency.
• Offer measurable benchmarks for reform.
• Serve as a resource for researchers, policymakers, and private sector stakeholders interested in the business climate of each economy.

Key Features

• Distance to Frontier (DTF): A measure that shows how far an economy is from the best performance observed on each indicator since 2005. It ranges from 0 (lowest performance) to 100 (frontier).
• Ease of Doing Business Ranking: Ranks economies from 1 to 190 based on the DTF scores.
• Subnational Reports: Includes detailed reports on selected cities, allowing for regional and city-level comparisons.

Jamaica Overview

• Region: Latin America & Caribbean
• Income Category: Upper middle income
• Population: 2,881,355
• GNI Per Capita (US$): 4,660
• City Covered: Kingston

Main Topics and Indicators

The report covers the following key topics with specific indicators for Jamaica:

1. Starting a Business

• Procedures: 2 for men, 2 for women
• Time: 3 days for men, 3 days for women
• Cost: 4.8% of income per capita
• Paid-in Minimum Capital: 0% of income per capita
• Key Observations:
  • Jamaica's performance is better than the Latin America & Caribbean average but lags behind OECD high-income economies and the overall best performers.
  • The process is relatively straightforward compared to other economies in the region.
  • Procedures include name availability check and filing of registration forms.

2. Dealing with Construction Permits

• Procedures: 19
• Time: 141.5 days
• Cost: 1.7% of warehouse value
• Building Quality Control Index: 10.0 (out of 15)
• Key Observations:
  • Jamaica has a moderate number of procedures and a relatively low cost compared to the Latin America & Caribbean average.
  • The process involves multiple inspections and approvals from different agencies, including the Fire Brigade, Ministry of Environmental Health, and the National Water Commission.
  • The building quality control index is lower than that of OECD high-income economies and the best performers.

Methodology and Assumptions

• Standardized Business Model:
  • A 100% domestically owned, limited liability company with 5 owners, no legal entities, and 10–50 employees.
  • Start-up capital is 10 times income per capita.
  • The business operates in the largest business city (Kingston) and is engaged in general industrial or commercial activities.
• Construction Company (BuildCo):
  • 100% privately owned, with 5 owners.
  • Warehouse is for general storage, valued at 50 times income per capita.
  • Has complete architectural and technical plans, and a licensed architect and engineer.
• Assumptions:
  • No bribes are considered.
  • All required information is readily available.
  • Procedures are completed without prior contact with officials.

Key Insights

• Jamaica's business environment is ranked 141.5 in terms of the ease of dealing with construction permits and has a DTF score of 10.0.
• The process for starting a business is simpler than the regional average, with a DTF score of 4.8.
• Jamaica's performance on the Building Quality Control Index is 10.0, indicating room for improvement.
• Online procedures are accounted for as 0.5 days in the total time calculation.
• For economies with gender-specific procedures, the report uses the average of both men and women's scores.

Conclusion

The Doing Business 2018 report provides a comprehensive assessment of Jamaica's regulatory environment, highlighting areas where reforms can enhance the ease of doing business. While Jamaica's performance is relatively better than the Latin America & Caribbean average, there is significant room for improvement, especially in construction permit processes and building quality control. The report serves as a valuable tool for policymakers and businesses seeking to understand and improve regulatory frameworks.