Deregulation, Economic Growth and Growth Acceleration

Petar Stankov

Journal of Economic Development, 2018, vol. 43, issue 4, 21-40

Abstract: The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in more than 70 economies over a period of 40 years. By combining a difference-in-difference strategy with an IV approach to the endogeneity of the reform timing, this work finds that deregulation contributed to the per capita GDP levels of the early and consistent reformers relatively more than to the ones of the late reformers. The paper also finds a significant growth acceleration effect from market-oriented reforms over shorter periods of time. However, the growth acceleration effects dissipate over longer periods. A number of robustness checks support these conclusions.

Keywords: Economic Growth; Political Economy of Reforms; Energy Independence (search for similar items in EconPapers)
JEL-codes: O11 O47 O57 P48 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Deregulation, Economic Growth and Growth Acceleration (2010)
Working Paper: Deregulation, economic growth and growth acceleration (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:43:y:2018:i:4:p:21-40

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