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Economic policies shape how much people earn as well as how stable their income and jobs are. The level and stability …-level economic stability. Movement from less to more productive processes and firms is at the heart of economic growth, which … suggests a trade-off between growth and micro-level stability. Certain policy changes boost growth but increase micro …
Persistent link: https://www.econbiz.de/10011276921
This paper examines how a range of stability-oriented regulatory policies for banking and insurance are related to … selected stability and competition outcomes in these sectors. Based on survey information on financial market regulation … financial crisis, the indicators correlate well with different measures of financial stability, both during the recent crisis …
Persistent link: https://www.econbiz.de/10008498028
framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate …
Persistent link: https://www.econbiz.de/10012442998
This paper examines the strength of product market competition and economic performance in Canada and discusses way in which the institutional framework governing competition policy could be improved. Competitive forces are comparatively strong and administrative and economic regulations...
Persistent link: https://www.econbiz.de/10012444013
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
a means to allocate resources and improve economic efficiency. A number of indicators suggest that such forces have been …
Persistent link: https://www.econbiz.de/10012444089
This paper discusses product market regulatory reforms in Italy over the past decade. Special attention is given to the underlying macroeconomic context for sectoral reforms and the role played by such reforms in consolidating the gains of macroeconomic convergence for entry into the European...
Persistent link: https://www.econbiz.de/10012444133
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...
Persistent link: https://www.econbiz.de/10012444204
The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s...
Persistent link: https://www.econbiz.de/10012444274
Norwegian growth has been strong over the past decade. This development has been supported by the off-shore sector, but depleting oil reserves implies that growth will have to rely increasingly on the mainland economy. Empirical work shows that competition is important for promoting economic...
Persistent link: https://www.econbiz.de/10012444401