Coffey, Bentley; McLaughlin, Patrick A.; Peretto, Pietro F. - 2018
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 …