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Existing research on the economic impacts of regulation largely focuses on federal or cross-country regulatory … regression model with controls and a fixed-effects regression model. I find tentative results that a greater amount of regulation … future investigations of the relationship between regulation and state-level economic outcomes …
Persistent link: https://www.econbiz.de/10012914044
This chapter examines the micro- and macroeconomic effects of generational policies using closed and open general equilibrium dynamic life-cycle models. The models illustrate the broad array of demographic, economic, and policy issues that can be simultaneously incorporated within todays...
Persistent link: https://www.econbiz.de/10014025264
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure. The wave of state divestitures reached Italy later...
Persistent link: https://www.econbiz.de/10011507688
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure. The wave of state divestitures reached Italy later...
Persistent link: https://www.econbiz.de/10013319993
Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus precisely try to estimate what are the...
Persistent link: https://www.econbiz.de/10014154788
Persistent link: https://www.econbiz.de/10011890397
Persistent link: https://www.econbiz.de/10008736763
Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...
Persistent link: https://www.econbiz.de/10013135700
We explore the implications of trade liberalization in economies with State Owned enterprises (SOEs) and shirking. SOEs are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output prices and wage rates set by government. Enterprise...
Persistent link: https://www.econbiz.de/10013321193
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387