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on competition, and therefore on business dynamism, productivity and ultimately well-being. A recent update of the OECD …. Regulatory reform can improve consumer welfare by boosting competition and thus lowering prices of key goods and services, which … competition will also allow higher wages. Reducing barriers to entry can facilitate firm creation, boosting investment and jobs. …
Persistent link: https://www.econbiz.de/10012304414
competition. They may also impose transaction and administrative costs related to permitting and licensing. If stringent …
Persistent link: https://www.econbiz.de/10012259029
review and rating systems reduce information asymmetries between consumers and service providers, enhancing competition …
Persistent link: https://www.econbiz.de/10012111006
This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...
Persistent link: https://www.econbiz.de/10011399476
Using data from OECD countries over the past three decades, this paper shows that financial expansion has fuelled greater income inequality. Higher levels of credit intermediation and stock markets are both related with a more unequal distribution of income. Greater income inequality may not...
Persistent link: https://www.econbiz.de/10011399477
The size and composition of assets and liabilities of households differ vastly across the income distribution in euro area countries. This paper shows that differences between income groups in household finance on both sides of the balance sheet contribute to income inequality. The distribution...
Persistent link: https://www.econbiz.de/10011399481
Persistent link: https://www.econbiz.de/10011348874