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In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
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benefits politicians and bureaucrats. Djankov and his coauthors present new data on the regulation of the entry of start … with public interest theories of regulation, but supports the public choice view that regulating entry benefits politicians … the department to educate policymakers on the costs of regulation. The study was funded by the Bank's Research Support …
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