Regulation and Investment

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

No 9560, NBER Working Papers from National Bureau of Economic Research, Inc

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 implications of our analysis are clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment.

JEL-codes: A1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ind
Date: 2003-03
Note: EFG IO
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Related works:
Working Paper: Regulation and Investment (2003)
Working Paper: Regulation and Investment (2002)
Working Paper: Regulation and Investment (2003)
Journal Article: Regulation And Investment (2005)
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