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The main purpose of this paper is to provide a critical overview of the recent empirical contributions that use cross country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a brief review of the theoretical literature and of...
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At present primarily governed by market forces with little regulatory interference, international financial relations have become increasingly important for global as well as national economies. Contributors to this volume consider whether this absence of regulation is wise, in the light of...
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In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not so much a lower productivity growth at...
Persistent link: https://www.econbiz.de/10011610943
provided by a lot of studies, are not statistically significant for younger market systems and entrepreneurship in transitional … economies. However, comparing Global Entrepreneurship Monitor (GEM) data with the scope of official statistics provides a deeper … foresee future tendencies of TEA - not only for GEM participating countries. -- Early-Stage Entrepreneurship ; Start …
Persistent link: https://www.econbiz.de/10009419667
The study of the determinants of entrepreneurship at the country levelhas been dominated by economic influences. The … relative stability of differences in levels of entrepreneurship across coun-tries suggeststhat other forces such as certain …
Persistent link: https://www.econbiz.de/10012755863
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
This essay considers the question how should regulators be regulated. To regulate is to observe, arbitrate and equilibrate in the public interest when that interest is not well-defined. The market for regulation is incomplete; while there is a limitless demand for regulation the supply of...
Persistent link: https://www.econbiz.de/10013002084
Following the 2008 financial crisis, countercyclical regulation emerged as one of the most promising breakthroughs in years to halting destructive cycles of booms and busts. This new approach to systemic risk posits that financial regulation should clamp down during economic expansions and ease...
Persistent link: https://www.econbiz.de/10013005214