removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …

This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed … static gains observed in the short run since firms will continue to innovate in ways they would not have under regulation. By …

This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed … static gains observed in the short run since firms will continue to innovate in ways they would not have under regulation. By …

significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly … inefficient bankruptcy procedures induce significant resource misallocation. A welcome deregulation of professional services is … sector regulators in network industries and the powers of the Competition Authority can still be enhanced, as the reform …