businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …

The impact of globalization on developing countries has been debated: While the "compensation hypothesis" suggests that … globalization increases the need for public employees, the "efficiency hypothesis" states that the size of government should be … developing countries and new innovative bureaucracy and globalization indicators to find robust evidence for the "efficiency …