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This paper analyzes the performance of the European railway sector in the period of deregulation (1990-2005). Using a stochastic frontier panel data model that controls for unobserved heterogeneity a multiple-output multiple input distance function model is estimated in order to evaluate the...
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, as these are the reforms that allow progress. We use a sample of 141 countries over the period 2003-2013 to investigate … the link between the age of politicians and regulatory reforms. We created an ad hoc database for the age of politicians … office can be a driving force that is more or less likely to bring about regulatory reforms. Our results suggest that the age …
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An extensive program of economic liberalization reforms, even when it generates positive outcomes, does not … automatically generate support for further reforms. Societies respond with strong support only after experiencing the effects of … reversing these reforms (i.e. corruption, inequality of opportunity). This point is illustrated through the example of the post …
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