Loayza, Norman V.; Oviedo, Ana Maria; Serven, Luis - Economics Research, World Bank Group - 2005
Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences, by helping or … an empirical analysis of the macroeconomic impact of regulation. It first characterizes the stylized facts on regulation …