Advanced market economies are characterized by a continuous process of creativedestruction. Market forces and technological developments play a major role in shaping thisprocess, but institutional and policy settings also influence firms´ decision to enter, to expandif successful and to exit if...

This paper provides a systematic empirical investigation of the effect of product marketliberalization on employment when there are interactions between policies and institutions inproduct and labor markets...

Economics

Using firm-level data for a sample of European countries, we focus on the effects thatproduct-market regulations have on firm-level TFP growth. We proxy regulatory burdensusing the OECD indicators of sectoral non-manufacturing regulations. These allowaccounting for both the direct effects of...

In this paper, we present evidence on how employers perceive labor regulations and react when these are perceived to constrain the operation of their firm. The paper draws from harmonized surveys of (up to) 17,000 firms around the world, and compares employers? responses with actual labor...