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Assessing job flows across countries : the role of industry, firm size and regulations
Haltiwanger, John C. - 2008
"This paper analyzes job flows in a sample of 16 industrial and emerging economies over the past decade, exploiting a harmonized firm-level dataset. It shows that industry and firm size effects (and especially firm size) account for a large fraction in the overall variability in job flows....
Persistent link: https://www.econbiz.de/10010521324
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Business environment and firm entry : evidence from international data
Klapper, Leora - 2004
country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry …" industries grows more slowly in countries with onerous regulations on entry. Interestingly, regulatory entry barriers have no … entry regulations are neither benign nor welfare improving. However, not all regulations inhibit entry. In particular …
Persistent link: https://www.econbiz.de/10010523101
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The Impact of Commercial Real Estate Regulations on U.S. Output
Babalievsky, Fil; Herkenhoff, Kyle; Ohanian, Lee E.; … - National Bureau of Economic Research - 2023
regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare … regulations and congestion effects, the latter of which provide a rationale for such regulations. The model is tailored to exploit … commercial real estate regulations for nearly every commercial property. We use the model to evaluate the positive and normative …
Persistent link: https://www.econbiz.de/10014437026
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Regulating Artificial Intelligence
Guerreiro, João; Rebelo, Sérgio; Teles, Pedro - National Bureau of Economic Research - 2023
We consider an environment in which there is substantial uncertainty about the potential negative external effects of AI algorithms. We find that subjecting algorithm implementation to regulatory approval or mandating testing is insufficient to implement the social optimum. When testing costs...
Persistent link: https://www.econbiz.de/10014437052
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Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000
Carow, Kenneth A. - 2001
In a partial-equilibrium model, removing a binding constraint creates value. However, in general equilibrium, the stakes of other parties in maintaining the constraint must be examined. In financial deregulation, the fear is that expanding the scope and geographic reach of very large...
Persistent link: https://www.econbiz.de/10012470122
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Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation
Kane, Edward J. - 2001
Defects in the corporate governance of government-owned enterprises tempt opportunistic officials to breach duties of public stewardship. Corporate-governance theory suggests that incentive-based deferred compensation could intensify the force that common-law duties actually exert on regulatory...
Persistent link: https://www.econbiz.de/10012470321
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Does Entry Regulation Hinder Job Creation? Evidence from the French Retail Industry
Bertrand, Marianne - 2001
Does entry regulation hinder job creation? We investigate this question in the context of the French retail industry, a sector that has experienced especially low rates of job creation over the last 25 years. Since the early 70s, the French government has required regional zoning board approval...
Persistent link: https://www.econbiz.de/10012470513
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A New Approach to Takeover Law and Regulatory Competition
Bebchuk, Lucian Arye - 2001
The development of U.S. state takeover law in the past three decades has produced considerable and quite possibly excessive protection for incumbent managers from hostile takeovers. Although the shortcomings of state takeover law have been widely recognized, there has been little support for...
Persistent link: https://www.econbiz.de/10012470578
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How to Auction an Essential Facility When Underhand Integration is Possible
Engel, Eduardo M.R.A. - 2001
There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...
Persistent link: https://www.econbiz.de/10012470580
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Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets
Blanchard, Olivier - 2001
Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with strong distribution and dynamic effects. The transition may...
Persistent link: https://www.econbiz.de/10012470609