Regulation and Investment

Alberto F Alesina, Silvia Ardagna, Giuseppe Nicoletti () and Fabio Schiantarelli ()

No 3851, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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 Europe reduces its 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 market, concerning in particular entry barriers, are negatively related to investment. The policy implication of our analysis is clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment.

Keywords: investment; regulation (search for similar items in EconPapers)
JEL-codes: E22 E60 L50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin
Date: 2003-03
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Related works:
Working Paper: Regulation and Investment (2002)
Working Paper: Regulation and Investment (2003)
Working Paper: Regulation and Investment (2003)
Journal Article: Regulation And Investment (2005)
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