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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/10013129907
efficiency arguments are questionable, because of the disemployment effects of strict regulation. Regulation is better explained … rationally desires strict regulation to divert rent from other groups such as the skilled workers and the unemployed. Legal … tradition. Given a predisposition to intervene, these countries begin with some degree of labour regulation, which then creates …
Persistent link: https://www.econbiz.de/10012779043
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/10012915739
formal sector wage premium. The opposite is true for labor market regulation. Finally, we show that the so-called overhiring …
Persistent link: https://www.econbiz.de/10013129903
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …
Persistent link: https://www.econbiz.de/10013136951
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
A central assumption of the canonical cheap talk literature is that people misreport their private information if this is to their material benefit. Recent evidence from laboratory experiments with student subjects suggests, however, that while many people do report the payoff-maximizing...
Persistent link: https://www.econbiz.de/10013099099
of regulation and is almost exclusively based on international cross-section data for the post-1995 period. This paper …
Persistent link: https://www.econbiz.de/10013099682
We develop a model of regulation of service-delivery NGOs, where future grants are conditional on prior spending of … some minimal proportion of current revenue on direct project-related expenses. Such regulation induces some NGOs to … parametric configurations, we find that regulation increases total discounted project expenditure over a regime of no regulation …
Persistent link: https://www.econbiz.de/10013091897
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal …
Persistent link: https://www.econbiz.de/10013065087