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Government intervention during the banking holiday of March 1933 resolved the uncertainty usually created by bank suspensions. Including banking holiday suspensions in growth regressions therefore biases downwards the estimates of the real effects of bank suspensions. In this paper, I propose a...
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market regulation may adversely affect TFP growth and may thus impair convergence. -- Total factor productivity growth … ; Solow residual ; product and labor market regulation …
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. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …
Persistent link: https://www.econbiz.de/10009230693
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. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …
Persistent link: https://www.econbiz.de/10013129907
spending are top priorities in Washington. A now-popular target for reform is regulation, which even President Obama claims to … budget. That said, while regulation imposes costs, regulation may also have social benefits, and this fact should be …
Persistent link: https://www.econbiz.de/10013125656
This paper examines the impact of start-up regulations and institutional quality on the level of new business activity in a panel of 119 countries between 2001 and 2012. We find robust evidence that new business creation is significantly lower in countries with excessive barriers to entry, a...
Persistent link: https://www.econbiz.de/10012932206