If getting things done requires too many steps, there will be fewer entrepreneurs. That seems to be something of a consensus in the economics and social science literature regarding conceptual linkages between regulation and entrepreneurship.
This all has lessons for public policy. As the World Bank stated in its well-known and wide-ranging annual Doing Business survey, “(Hernando) de Soto’s conjecture, which turned out to be right, was that measuring and reporting would create pressure for improvements in the efficiency of government.”
