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 … significant effects on aggregate output and the factors that produce it – total factor productivity (TFP), physical capital, and …

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 … significant effects on aggregate output and the factors that produce it–total factor productivity (TFP), physical capital, and …

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 …

economy has been unable to deliver sustainable productivity-growth since the beginning of economic reforms (just a few short …

implemented during the 1990s are now paying off in terms of productivity and GDP growth. Empirical evidence suggests that … deregulation has delivered a considerable “productivity dividend”. Although significant progress therefore has been made, renewed … formation and labour utilisation, as well as on providing better value for money in the public sector by raising its efficiency …

Although entry regulation is ubiquitous across countries, comprehensive evaluations on the broad impacts of such … regulations on firm dynamics and productivity are lacking. We address the key identification challenge of policy endogeneity by …% and firm exit by 8.7% in the manufacturing sector. The productivity of post-reform entrants was 1.1% higher than the …

envelopment analysis method. It emphasizes the importance of this nonparametric approach to macroeconomic efficiency analysis and …

This paper investigates how enforcement of labour regulation affects the firm's use of informal labour, firm size and … level, and administrative data on enforcement of regulation at the city level, we show that in areas where law enforcement … labour productivity. We control for different regional and firm characteristics, and we instrument enforcement with the …

applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and …Data envelopment analysis (DEA) and stochastic frontier analysis (SFA), as well as combinations thereof, are widely … applied by regulators. Our results demonstrate that combination approaches, such as taking the maximum or the mean over DEA …