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We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...
Persistent link: https://www.econbiz.de/10009209829
the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the …
Persistent link: https://www.econbiz.de/10005791979
In the mid-1980s a movement towards privatization and de-regulation of the telecommunications sector was begun. The …, particularly in the developing world. This has changed the dynamics of the industry dramatically. This paper empirically evaluates … empirically evaluates the impact of regulation in selected Latin American countries. The results are only suggestive, but not …
Persistent link: https://www.econbiz.de/10011161185
This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital requirement outperforms a structure without such a...
Persistent link: https://www.econbiz.de/10011084059