Goergens, Tue; Paldam, Martin; Würtz, Allan - School of Economics and Management, University of Aarhus
Public regulations can increase economic growth by correcting market faults and decrease growth by consuming resources … between growth an regulation. The relationship is possibly non-linear with some level of regulation being optimal. We estimate … shows that the relationship indeed may be non-linear: High levels of regulation lowers growth, but there is no effect on …