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Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...
Persistent link: https://www.econbiz.de/10011392847
The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we examine the extent to which regulations affecting...
Persistent link: https://www.econbiz.de/10009696511
Governments are created and run by humans, who can experience the same behavioural biases and barriers as individuals in society. Therefore, it makes sense to explore how behavioural insights (BI) can be applied to the governance of regulatory policy making, and not just to the design of...
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’s Product Market Regulation indicator for Costa Rica shows that there is ample room to improve regulations. Costa Rica …
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calculating regulatory costs; ii) linking the responsibility for finding offsets to the “owners” of regulation; iii) setting up …
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A well-functioning justice system is indispensable to business activity and to a society as a whole. Judicial efficiency measured by trial length, one of the essential factors in the effectiveness of the justice system, ensures contract enforcement, which is the basis of market transactions....
Persistent link: https://www.econbiz.de/10012111107
This paper presents the latest edition of the OECD indicators of product market regulation (PMR), which measure … ensure that the PMR indicators maintain their relevance in the context of evolving insights from economic theory …, modifications in the economic and business environment, and changes in the practice of regulation. The results show that most OECD …
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