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The Euro and Structural Reforms
Alesina, Alberto - 2008
, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the …
Persistent link: https://www.econbiz.de/10012464168
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The Economic Future of Europe
Blanchard, Olivier - 2004
After three years of near stagnation, the mood in Europe is definitely gloomy. Many doubt that the European model has a future. In this paper, I argue that things are not so bad, and there is room for optimism. Over the last thirty years, productivity growth has been much higher in Europe than...
Persistent link: https://www.econbiz.de/10012468364
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Competitive Liberalization and a US-SACU FTA
Whalley, John - 2003
This paper evaluates a possible US-SACU (Southern African Customs Union) free trade agreement as part of a US approach to new preferential trade agreements characterized by the term competitive liberalization.' This is the idea that competition among large countries (US/EU) to negotiate...
Persistent link: https://www.econbiz.de/10012468526
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Law and employment : lessons from Latin America and the Caribbean
Heckman, James J. (ed.) - 2004
Persistent link: https://www.econbiz.de/10002545132
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The Cost of Banking Regulation
Guiso, Luigi - 2006
effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was … deregulation raises above the level present in more competitive markets, suggesting that the pre-existing conditions severely …
Persistent link: https://www.econbiz.de/10012466164
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Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets
Blanchard, Olivier - 2001
Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor …
Persistent link: https://www.econbiz.de/10012470609
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European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending
Golec, Joseph H. - 2006
EU countries closely regulate pharmaceutical prices whereas the U.S. does not. This paper shows how price constraints affect the profitability, stock returns, and R&D spending of EU and U.S. firms. Compared to EU firms, U.S. firms are more profitable, earn higher stock returns, and spend more on...
Persistent link: https://www.econbiz.de/10012465985
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Patent Rights, Product Market Reforms, and Innovation
Aghion, Philippe - 2013
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...
Persistent link: https://www.econbiz.de/10012459807
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Economic Research on Privacy Regulation : Lessons from the GDPR and Beyond
Johnson, Garrett - National Bureau of Economic Research - 2022
This paper reviews the economic literature on the European Union's General Data Protection Regulation (GDPR). I … highlight key challenges for studying the regulation including the difficulty of finding a suitable control group, variable firm … compliance and regulatory enforcement, as well as the regulation's impact on data observability. The economic literature on the …
Persistent link: https://www.econbiz.de/10013477197
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On Robust Inference in Time Series Regression
Baillie, Richard; Diebold, Francis X.; Kapetanios, George; … - National Bureau of Economic Research - 2024
Least squares regression with heteroskedasticity consistent standard errors ("OLS-HC regression") has proved very useful in cross section environments. However, several major difficulties, which are generally overlooked, must be confronted when transferring the HC technology to time series...
Persistent link: https://www.econbiz.de/10014576582