amplified by economic integration, which makes factors and producers more mobile and enables them to avoid burdensome regulation … growth equations by using internal instruments to identify a causal relationship between regulation and growth in the … presence of international trade and find evidence that both regulation and trade have a significant positive influence on …

"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or … Serven provide an empirical analysis of the macroeconomic impact of regulation. They first characterize the stylized facts on …