"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 …

. The policies are, as follows: higher quality government regulation of businesses and higher levels of economic freedom ….Design/methodology/approach– The paper first provides a basic model focussing upon the regulation and economic freedom variables. The study then adds a … indicate that for OECD nations, higher quality public regulation promotes entrepreneurial spirit and performance. Higher …