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. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …
Persistent link: https://www.econbiz.de/10009230693
regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under … heavy burden of monopoly and regulation. We find little evidence that the introduction of social protection programs for … ; regulation …
Persistent link: https://www.econbiz.de/10003939090
country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … growth. A summary of what we learn from the econometric results concludes the paper. -- regulation ; product market …
Persistent link: https://www.econbiz.de/10003225978
In a growth accounting context one usually constructs a quality adjusted index of labor services by aggregating over predefined groups of workers, using the groups' relative wage bills as weights. In this article we suggest a method based on decomposing individual predicted wages into a...
Persistent link: https://www.econbiz.de/10003975612
International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. This...
Persistent link: https://www.econbiz.de/10008989717
This study investigates the relationship between economic growth and democracy by estimating a nation's production function specified as static and dynamic models using panel data. In estimating the production function, it applies a single time trend, multiple time trends and the general index...
Persistent link: https://www.econbiz.de/10011704213
Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement …. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can …
Persistent link: https://www.econbiz.de/10011985950
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10011871988
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … intensity per firm rather than just a misallocation towards smaller firms and lower entry. We generalize the theory to allow for …
Persistent link: https://www.econbiz.de/10012431121
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it...
Persistent link: https://www.econbiz.de/10011571943