productivity and output. In this paper we use a Panel Factor-Augmented VAR approach to measure the long-run impact of legal …-simplification programmes in total factor productivity. We identify shocks using data on regulatory quality and exploring qualitative … information publicly available. The estimated long-run impact on total factor productivity of a typical programme is significant …

During the last three decades, a vast literature emerged on the empirical evidence of productivity spillovers from FDI … thereby raise their productivity level. Results obtained so far are however mixed, and it does not seem possible to get a …