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Regulation and investment

By Alberto Alesina, Silvia Ardagna and Fabio SchiantarelliAlberto Alesina, Silvia Ardagna and Fabio Schiantarelli

Abstract

One commonly held view about the diĀ¤erence between continental European countries and other OECD economies, especially the United States, is that the heavy regulation of the former reduces their growth. Using newly assembled data on regulation in several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the product markets, concerning in particular entry barriers, are negatively related to investment. The policy implication of our analysis is clear: regulatory reforms that liberalize entry are very likely to spur investment.

Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.194.4050
Provided by: CiteSeerX
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