Regulation and Investment

Alberto Alesina (), Silvia Ardagna, Giuseppe Nicoletti () and Fabio Schiantarelli ()
Additional contact information
Silvia Ardagna: Wellesley College

No 549, Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: One commonly held view about the difference 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.

Keywords: financial reform; savings; regulation (search for similar items in EconPapers)
JEL-codes: E43 E1 O11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com and nep-ent
Date: 2002-12-13
View list of references View citations in EconPapers

Downloads: (external link)
http://fmwww.bc.edu/EC-P/WP549.pdf main text (application/pdf)

Related works:
Working Paper: Regulation and Investment (2003)
Working Paper: Regulation and Investment (2003)
Working Paper: Regulation and Investment (2003)
Journal Article: Regulation And Investment (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:boc:bocoec:549

Access Statistics for this paper

More papers in Boston College Working Papers in Economics from Boston College Department of Economics
Address: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
Contact information at EDIRC.
Series data maintained by Christopher F Baum ().