A new and novel approach to controlling regulatory costs is the concept of the regulatory budget. This concept would require that governments account for regulatory expenditures in a similar way to fiscal expenditures. This article argues that there are analogies between fiscal and regulatory...

In the past 20 years a key topic of public-sector reform in OECD countries has been the emergence of regulatory policy. During this period, the nature of regulation has undergone profound and rapid change. This paper reviews the development of regulatory policy in OECD countries over the last...

Ces dernières années, la réglementation des marchés de produits dans les pays de l’OCDE est globalement devenue moins restrictive pour la concurrence. Cela a entraîné une certaine convergence des politiques de réglementationþ; cependant, dans le même temps, la disparité des...

Product market regulation in the OECD area has generally become less restrictive of competition over recent years. This has lead to a degree of convergence in regulatory policies, but nonetheless, the productivity performance of OECD countries has become increasingly disparate. Indeed, according...

Using enterprise data for the economies of Central and Eastern Europe and the CIS, this study examines the effects of corruption on productivity. Corruption is defined as a “bribe tax” and is compared to another form of institutional inefficiency, which is often believed to be closely linked...

This paper examines the decision to export and the share of exports to developed markets of Russian manufacturers by considering the effects of external conditions and firm characteristics. I find that a lower degree of regulatory capture and a less corrupt judiciary favour orientation towards...

This paper investigates the effect of product market regulations on the international diffusion of productivity shocks. The empirical results indicate that restrictive product market regulations slow the process of adjustment through which best practice production techniques diffuse across...