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)
Date: 2003-03
New Economics Papers: this item is included in nep-ind
Note: EFG IO
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Citations: View citations in EconPapers (62)

Published as Alberto Alesina & Silvia Ardagna & Giuseppe Nicoletti & Fabio Schiantarelli, 2005. "Regulation And Investment," Journal of the European Economic Association, MIT Press, vol. 3(4), pages 791-825, 06.

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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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