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We introduce a new time series measure of the extent of federal regulation in the U.S. and use it to investigate the … relationship between federal regulation and macroeconomic performance. We find that regulation has statistically and economically … labor. Regulation has caused substantial reductions in the growth rates of both output and TFP and has had effects on the …
Persistent link: https://www.econbiz.de/10013086172
We estimate the effects of federal regulation on value added to GDP for a panel of 22 industries in the United States …-form solutions of a multisector Schumpeterian model of endogenous growth. We allow regulation to enter the specification in a … annum since 1980. Had regulation been held constant at levels observed in 1980, our model predicts that the economy would …
Persistent link: https://www.econbiz.de/10014124376
Liberalization of public utilities, especially the electricity sector, in developing countries is a significant trend. In addition, some developing countries are in the process of developing a regulatory framework for the liberalized sector. These countries are facing the core issue of how to...
Persistent link: https://www.econbiz.de/10011135939
We exploit a quasi-natural experiment to identify the effect of regulatory accumulation on economic growth. Following a decade of poor economic growth, the Canadian province of British Columbia implemented a regulatory budget in 2001. We use a difference-in-differences strategy to estimate the...
Persistent link: https://www.econbiz.de/10013222425
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...
Persistent link: https://www.econbiz.de/10012099160
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...
Persistent link: https://www.econbiz.de/10012307862
We introduce a new time series measure of the extent of federal regulation in the U.S. and use it to investigate the … relationship between federal regulation and macroeconomic performance. We find that regulation has statistically and economically … labor. Regulation has caused substantial reductions in the growth rates of both output and TFP and has had effects on the …
Persistent link: https://www.econbiz.de/10010987828
The economic crisis in the early 1990s prompted action on reforming the Swedish welfare state and its institutions, including deregulation of a wide range of product markets. In that way, Sweden took early action compared to other OECD countries currently struggling with how to make public...
Persistent link: https://www.econbiz.de/10012444481
For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...
Persistent link: https://www.econbiz.de/10013058063
The North American Free Trade Agreement (NAFTA) once again became a newsworthy topic in the US media, this time during the contested Spring 2008 Democratic primary for the US presidency, particularly from campaign talking-points originating within Midwestern Rust-Belt states. Although the merits...
Persistent link: https://www.econbiz.de/10010556639