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We document empirical support for a key micro-level channel --- innovation by young, private firms --- through which financial sector deregulation affects economic growth. We find that intrastate banking deregulation, which increased the local market power of banks, decreased the level and risk...
Persistent link: https://www.econbiz.de/10013035909
We document empirical support for a key micro-level channel—innovation by young, private firms—through which financial sector deregulation affects economic growth. We find that intrastate banking deregulation, which increased the local market power of banks, decreased the level and risk of...
Persistent link: https://www.econbiz.de/10011039238
change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment …
Persistent link: https://www.econbiz.de/10009148877
investment. For the first case, we find that even absent asymmetric information, a lack of regulatory commitment can cause …
Persistent link: https://www.econbiz.de/10010190802
12 countries between 1998 and 2012, this paper first estimates the effect of competition policy on innovation. We find …
Persistent link: https://www.econbiz.de/10012849695
Latvia’s productivity growth is held back by weak innovation and inefficient resource allocation. The shortage of skilled workers which constrains innovation and the adoption of digital technologies must be addressed through further alignment of vocational and tertiary education with labour...
Persistent link: https://www.econbiz.de/10012111112
. Shared social norms such as growth primacy and reciprocity and values of accepting competition and performance …
Persistent link: https://www.econbiz.de/10011911855
diminish its access to global markets, the scale and efficiency of domestic businesses, the level of competition, and the … planning and infrastructure provision, enhancing competition and increasing investment in innovation and intangibles. This …
Persistent link: https://www.econbiz.de/10011732737
enforcement of existing laws.This testimony provides insights on three important questions concerning the state of competition in …
Persistent link: https://www.econbiz.de/10012835934
How can innovation and competition be sustained in closed tight oligopolistic market structures? This question will be … infrastructure based competition seems behind us. It is time now to re-open the regulatory tool box to renew a service based … competition approach with good incentives for all players: the incumbents with their own mobile infrastructure and potential …
Persistent link: https://www.econbiz.de/10012954728