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: E1 E43 O11 (search for similar items in EconPapers)
Date: 2002-12-13
New Economics Papers: this item is included in nep-com and nep-ent
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Regulation And Investment (2005)
Working Paper: Regulation and Investment (2005)
Working Paper: Regulation and Investment (2003)
Working Paper: Regulation and Investment (2003)
Working Paper: Regulation and Investment (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:boc:bocoec:549

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