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This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...
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We introduce a new time series measure of the extent of federal regulation in the U.S. and use it to investigate the … relationship between federal regulation and macroeconomic performance. We find that regulation has statistically and economically … labor. Regulation has caused substantial reductions in the growth rates of both output and TFP and has had effects on the …
Persistent link: https://www.econbiz.de/10013086172
We exploit a quasi-natural experiment to identify the effect of regulatory accumulation on economic growth. Following a decade of poor economic growth, the Canadian province of British Columbia implemented a regulatory budget in 2001. We use a difference-in-differences strategy to estimate the...
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Can stock market bubbles accelerate long term growth? Do such bubbles indicate irrational behavior? This paper studies the effect of innovation uncertainty on the concomitant time path of firm valuations, technology adoption and growth in a setting that incorporates positive network...
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This paper reviews four decades of economics research on the brain drain, with a focus on recent contributions and on development issues. We first assess the magnitude, intensity and determinants of the brain drain, showing that brain drain (or high-skill) migration is becoming the dominant...
Persistent link: https://www.econbiz.de/10009235188