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Economies have markedly different firm size distributions. At the same time, firms of different size grow differently after identical financial- and product-market liberalization reforms. Thus, identical reforms can produce different growth outcomes across countries. This result is reached after...
Persistent link: https://www.econbiz.de/10013082730
IPOs since 2012. Reduced compliance costs encourage innovation capital formation as biotech IPO volume increases 200% and …
Persistent link: https://www.econbiz.de/10012829465
As part of the Single Market Program the European Commission commanded the liberalization and regulatory harmonization of utilities, transport and telecommunication services. This paper investigates whether and how this process affected the productivity of European network firms. Exploiting the...
Persistent link: https://www.econbiz.de/10013117179
We estimate the effects of a simplification in the bureaucratic regulation for doing business on firm demographics in …
Persistent link: https://www.econbiz.de/10012999587
Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel …-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a … under cost-of-service regulation. I then show that the drop in the price of coal is associated with a reallocation of …
Persistent link: https://www.econbiz.de/10014153006
new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more …
Persistent link: https://www.econbiz.de/10011571943
This paper provides robust estimates of the impact of both product and labor market regulations on unemployment using data from 24 European countries over the period 1998–2013. Controlling for country fixed effects, endogeneity, and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10012144890
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10011871988
understanding of the effects of regulatory reforms, instead of the Production Market Regulation (PMR) indicators, which are … quality in Korea improves to the level of the OECD average considering that the total burden of regulation in Korea is …
Persistent link: https://www.econbiz.de/10014114933
Numerous regulatory reform proposals would require federal agencies to conduct more thorough economic analysis of proposed regulations or expand the resources and influence of the Office of Information and Regulatory Affairs (OIRA), which currently reviews executive branch regulations. Such...
Persistent link: https://www.econbiz.de/10013006022