Showing 1 - 10 of 66
Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences, by helping or … an empirical analysis of the macroeconomic impact of regulation. It first characterizes the stylized facts on regulation …
Persistent link: https://www.econbiz.de/10012553937
The authors study the effects of regulation on economic growth and the relative size of the informal sector in a large … regulation affects macroeconomic performance and economic growth in particular. The authors conclude that a heavier regulatory …
Persistent link: https://www.econbiz.de/10012554075
Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product …
Persistent link: https://www.econbiz.de/10012552850
This paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. The authors argue that countries need a sound business environment in the...
Persistent link: https://www.econbiz.de/10012553707
Trade does not stimulate growth in economies with excessive business and labor regulations. The authors examine the effect of openness on growth using cross-country regressions in both levels and changes. Results from the levels regressions imply that increased openness is associated with a...
Persistent link: https://www.econbiz.de/10012559662
Improving the investment climate is among the top priorities in development. The World Bank Group's Doing Business reports have become an important guide and benchmark to inform regulatory reforms aimed at unleashing the potential of the private sector. This paper discusses the potential role of...
Persistent link: https://www.econbiz.de/10012557060
The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
Persistent link: https://www.econbiz.de/10012551737
Regulation allows microfinance institutions to evolve more fully into banks, particularly for institutions aiming to … take deposits. But there are potential trade-offs. Complying with regulation and supervision can be costly. The authors …
Persistent link: https://www.econbiz.de/10012551871
commercialization, rigor of regulation, and the extent of competition. Meaningful interventions in microfinance will require making …
Persistent link: https://www.econbiz.de/10012552010
discriminatory taxation, but also by domestic regulation - including a range of qualification and licensing requirements and …
Persistent link: https://www.econbiz.de/10012552215