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Innovation, Deregulation, and the Life Cycle of a Financial Service Industry

Hayashi, Fumiko - 2015

This paper examines innovation, deregulation, and firm dynamics over the life cycle of the U.S. ATM and debit card … debit card function) interacted with banking deregulation drove the industry shakeout. Calibrating the model to a novel … deregulation played in the industry evolution …

Persistent link: https://www.econbiz.de/10013015590

Employment Protection Deregulation and Labor Shares in Advanced Economies

Ciminelli, Gabriele - 2018

Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver … the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly … grounded in theory-namely that job protection deregulation should have larger negative effects in industries characterized by …

Persistent link: https://www.econbiz.de/10012910361

Structural Reform in Germany

Krebs, Tom - 2016

full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector. The … deregulation reform are relatively small due to the small size of professional services in Germany. Policy reforms i) and ii) have …

Persistent link: https://www.econbiz.de/10012977739

Product Market Deregulation and Growth : New Country-Industry-Level Evidence

Bouis, Romain - 2016

The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas,...

Persistent link: https://www.econbiz.de/10012977853

The Macroeconomic Effects of Labor and Product Market Reforms in Morocco

Sarr, Babacar - 2019

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...

Persistent link: https://www.econbiz.de/10012858957

The EU Services Directive : Gains from Further Liberalization

Corugedo, Emilio Fernández - 2014

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...

Persistent link: https://www.econbiz.de/10013049806

Should Korea Worry About a Permanently Weak Yen?

Ree, Jack - 2015

Three years have passed since the Bank of Japan's asset purchase program was introduced in 2011, causing a sharp decline in the value of the Japanese Yen. What would be the implications for Japan and Korea's exporters if the weak Yen is here to stay? We explore this question by examining...

Persistent link: https://www.econbiz.de/10013016594

ASEAN Financial Integration

Almekinders, Geert - 2015

The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN's financial integration and prospects. ASEAN integration could accelerate in the years ahead; it will...

Persistent link: https://www.econbiz.de/10013025506

A Narrative Database of Major Labor and Product Market Reforms in Advanced Economies

Duval, Romain - 2018

This paper describes a new database of major labor and product market reforms covering 26advanced economies over the period 1970-2013. The focus is on large changes in product marketregulation in seven individual network industries, employment protection legislation for regularand temporary...

Persistent link: https://www.econbiz.de/10012928014

Job Protection Deregulation in Good and Bad Times

Duval, Romain - 2018

of sectoral employment to largejob protection deregulation shocks depend crucially on the state of the economy at the …

Persistent link: https://www.econbiz.de/10012929932