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Recent economic theories have investigated the susceptibility of diverse public bureaucratic structures to capture by … private industry. In particular, Laffont and Martimort (1999) propose that the separation of regulatory powers will reduce the … threat of capture. We analyse investor reaction to a reorganization of the United States maritime bureaucracy that created …
Persistent link: https://www.econbiz.de/10005504380
Committee and IOSCO, with the OECD's 2005 Guiding Principles for Regulatory Quality and Performance, and the 2009 Policy … the regulators, as well as their powers. The analysis focuses on requirements for ex ante and ex post regulatory impact … regulatory review; for improving the regulatory system over time and for regulating conflicts of interest. The report finds …
Persistent link: https://www.econbiz.de/10008497893
Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...
Persistent link: https://www.econbiz.de/10011392847
This paper investigates patterns in product market regulation across 34 OECD and 21 non-OECD countries, using an updated and revised version of the OECD’s indicators of product market regulation (PMR). The analysis shows that liberalisation of product markets has further slowed over the past...
Persistent link: https://www.econbiz.de/10011398831
The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity. Weak corporate governance and easy credit before the crisis led to high indebtedness and...
Persistent link: https://www.econbiz.de/10011399555
In the years before the economic crisis, Portugal had low growth, a decline in export competitiveness and rising imbalances that included a large current account deficit and a strong expansion of the non-tradable sector. Strengthening export performance is therefore one of the principal...
Persistent link: https://www.econbiz.de/10011399650
OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved the environment for entrepreneurship significantly, but in the same period its economic performance has deteriorated noticeably. This may be partly because there is a difference between policy...
Persistent link: https://www.econbiz.de/10009767735
This paper examines how import penetration affects firms' productivity growth taking into account the heterogeneity in firms' distance to the efficiency frontier and country differences in product market regulation. Using firm-level data for a large number of OECD countries, the analysis reveals...
Persistent link: https://www.econbiz.de/10009690932
I show that an advertising ban is more likely to increase — rather than decrease — total consumption when advertising does not bring about a large expansion of market demand at given prices and when it increases product differentiation (thus allowing firms to command higher prices). In this...
Persistent link: https://www.econbiz.de/10009756951
business environment characterised by high administrative burdens, regulatory volatility, barriers to growth of small and … investment and restore productivity growth. Such measures must include fostering greater regulatory stability, inter alia by …
Persistent link: https://www.econbiz.de/10010375397