The purpose of this paper is to illustrate how specific regional aspects can be incorporated into a simple investment model of a multiplant firm. The model has been used to ex plain investment in manufacturing in Scotland for the period 1961-79. The econometric findings suggest that factor...

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 effects of product market regulation and reform on a country's macroeconomic performance. After a brief review of the theoretical literature and of...