Caballero, Ricardo J.; Cowan, Kevin N.; Engel, Eduardo … - In: Journal of Development Economics 101 (2013) C, pp. 92-104
, some of them technological, others institutional. Chief among the latter is labor market regulation. While few economists … object to the hypothesis that labor market regulation hinders the process of creative-destruction, its empirical support is … such a panel. We find that job security regulation clearly hampers the creative-destruction process, especially in …