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The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in … work finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the … acceleration effect for the late reformers, which points to large dynamic welfare gains from deregulation. The latter result …
Persistent link: https://www.econbiz.de/10013136581
Reforming regulation of the financial sector is currently among the most immediate concerns of domestic and international policymakers. Proposals for such reform are proliferating, and the official sector appears committed to adopting at least some meaningful reforms in the near-term. Broadly...
Persistent link: https://www.econbiz.de/10013158883
The mushrooming of Special Economic Zones (SEZs) in recent years has led to a significant increase in the supply of attractive incentives for investors looking for opportunities abroad. SEZs are self-contained regimes, inextricably associated with investment promotion policies and domestic...
Persistent link: https://www.econbiz.de/10013244022
Financial reform has rebalanced the power of international engagement, reducing the role of the President and his diplomats, and increasing that of Congress and independent agencies. In so doing, the reforms have readjusted a balance that many believe was skewed by the government's response to...
Persistent link: https://www.econbiz.de/10012986833
This paper looks into various means of regulating pharmaceuticals and their effects on the structure of the international pharmaceutical industry. Regulation adds complexity to the activities of a firm. This complexity is multiplied, if different countries apply different sets of regulations....
Persistent link: https://www.econbiz.de/10013127115
In the last few years, U.S. telecoms policy has shifted from encouraging the sharing of existing networks to facilitating the deployment of advanced communications networks. Given the large capital expenditures required for these networks, there can be only a few of such networks. In light of...
Persistent link: https://www.econbiz.de/10014050795
Persistent link: https://www.econbiz.de/10000945685
Persistent link: https://www.econbiz.de/10011741504
Reforms on analyst conflicts of interest prohibit the use of investment banking revenue to fund equity research and compensate equity analysts. After the reforms, we find that star analysts from investment banks are more likely to exit the profession and move to the buy side than before. The...
Persistent link: https://www.econbiz.de/10013008799