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This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries … provides four key insights. First, product market reforms have positive effects on capital, output and employment and their …, differences in production technology and the nature of product market regulations across sectors generate important differences in …
Persistent link: https://www.econbiz.de/10012977841
exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are …
Persistent link: https://www.econbiz.de/10012918554
Schemes of residual profit allocation (RPA) tax multinationals by allocating their 'routine' profits to countries in …
Persistent link: https://www.econbiz.de/10012836099
investment types imply that the allocation of credit is constrained inefficient and that there is overinvestment in the liquid …
Persistent link: https://www.econbiz.de/10012843309
Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported...
Persistent link: https://www.econbiz.de/10012977804
The legacy of non-performing loans and high opportunity cost of government financing ofbank recapitalization impeded the efficiency of financial intermediation and are an importantpolicy issue in Vietnam. This paper presents a theoretical and empirical analysis of the issue.An empirical analysis...
Persistent link: https://www.econbiz.de/10012860992
. Size-dependentregulations are costly for the economy, especially in the presence of labor market rigidities, andlead to …
Persistent link: https://www.econbiz.de/10012912487
coordinate aid allocations are not implementable. Moreover, since policies to increase donor competition in terms of aid …
Persistent link: https://www.econbiz.de/10013098604
In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs … incomplete and investors do not have perfect information about the monitoring efficiency, competition among exchanges induces a …
Persistent link: https://www.econbiz.de/10013086309
Does greater product market competition improve external competitiveness and growth? This paper examines this question … emerging market economies and developing countries, and finds that an improvement in domestic competition is associated with a …. Moreover, at the firm-level, evidence shows that greater competition-proxied through a decline in corporate market power …
Persistent link: https://www.econbiz.de/10012839680