significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly … ongoing, and the government plans to further ease firm registrations and reform bankruptcy procedures. The independence of the … autorités de régulation sectorielles dans les industries de réseau et les prérogatives de l'Autorité de la concurrence peuvent …

be partly because there is a difference between policy measures intended by the government or parliament and their impact …

government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened …

finds that despite the regulatory difficulties, the Internet is far from being a “regulation-free” space as there are … various industry standards, co-regulatory agreements between industry and the government, and in some cases also state … regulation. Most of them aim at protecting personal data and consumers more generally. In many cases generally applicable laws …

, especially if the currently strong terms of trade weaken over time. Recent efforts by the government are welcome. Ensuring …

behaviour. We find that the impact of regulation on investment is both sector and firm specific. A reduction in the degree of …

undertaken in haste, often in response to immediate pressures. The cohesion of the government is also critical: if the government …