This paper studies the effects of regulation on economic growth and the relative size of the informal sector in a large … regulation affects macroeconomic performance and economic growth in particular. The paper concludes that a heavier regulatory …

Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences, by helping or … an empirical analysis of the macroeconomic impact of regulation. It first characterizes the stylized facts on regulation …

This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a … external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for … on regulations in banking and securities markets. They point to substantial variations in the stance of regulation across …

and the application of incentive regulation. …

static gains observed in the short run since firms will continue to innovate in ways they would not have under regulation. By …

country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …