Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

differences may therefore bias the estimated effects of regulation. This paper investigates the direction and the magnitude of … drives higher levels of unofficial activity, negative externalities and government regulation, thus inducing a positive … of regulation can be attributed to omitted variation in cultural traits …

The passage of landmark government regulation is often the culmination of evolving social pressure and incremental … policy change. During this process, firms may preemptively adjust behavior in anticipation of impending regulation, making it … 1970 Clean Air Act (CAA) on the power sector. This unique long panel provides us an extended pre-regulation benchmark …

, decrease with anti-competitive regulation in upstream sectors and increase with the industry specific output gap; ii) decrease … with the national output gap, increase with the national employment rate and decrease with employment protection regulation …

formal sector wage premium. The opposite is true for labor market regulation. Finally, we show that the so-called overhiring …