, some of them technological, others institutional. Chief among the latter is labor market regulation. While few economists … object to the hypothesis that labor market regulation hinders the process of creative-destruction, its empirical support is … such a panel. We find that job security regulation clearly hampers the creative-destruction process, especially in …

, some of them technological, others institutional. Chief among the latter is labor market regulation. While few economists … security regulation clearly hampers the creative-destruction process, especially in countries where regulations are likely to …

contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …