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 … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our … framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to …. With flexible wages, the deadweight loss of the regulation is below 1% of GDP, but when wages are downwardly rigid welfare …

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our … framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to …. With flexible wages, the deadweight loss of the regulation is below 1% of GDP, but when wages are downwardly rigid welfare …

of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … 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 … country data to study the effect of product market regulation and reform on a country’s macroeconomic performance. After a …

through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution …

), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge … intensive services benefit from innovation activities in the sense that these activities causally increase their labor …

We analyze the link between R&D, innovation, and productivity in MSMEs with a special focus on micro firms with fewer … the probability of reporting innovation, with a larger effect size for product than for process innovations. Moreover …, micro firms benefit in a comparable way from innovation processes as larger firms, as they are similarly able to increase …

-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross … shape the business environment. On the other hand, a branch of empirical research has attempted to shed light on the …

We analyze how an entry regulation that imposes a mandatory educational standard affects entry into self-employment and … Germany after reunification. Consistent with our expectations, we find that entry regulation reduces entry into self …