Analysen und Berichte

Enrico Schöbel, Lars Petersen, Dominik Enste and Jochen Wicher

Wirtschaftsdienst, 2013, vol. 93, issue 4, 267-271

Abstract: Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality and other aspects matter. Hence, political acumen is required. Enste and Wicher reply to criticism of the regulation index and the analysis of the impact of regulation on education. They argue that they neither ignore the positive effects of regulation (taken into account with the data on good governance indicators) nor demand a zero regulation policy. Instead, the main goal of the analysis is to provide an international comparison for “better regulation”. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Keywords: H11; I25; I28; K23; L51; O43 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10273-013-1520-6

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