Valkonen, Laura - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2006
This study examines how deregulation affects product market competition and thereby productivity. Productivity grows … to renounce high rents and cut costs, which increases static efficiency. However, static efficiency boosts productivity … increases incentives to innovate, and secondly, it accelerates creative destruction. Since regulations impede the free entry of …