Regulation and Investment

Alberto Alesina, Fabio Schiantarelli, Silvia Ardagna and Giuseppe Nicoletti

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: Regulation; investment (search for similar items in EconPapers)
JEL-codes: E22 E60 L50 (search for similar items in EconPapers)
Date: 2003-03
New Economics Papers: this item is included in nep-fin
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Citations: View citations in EconPapers (47)

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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 (2002)
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