Business Regulation and Economic Performance

The objective of this volume is to document the patterns of business regulation across the world and review their impact on aggregate economic performance. The volume adopts a comparative cross-regional perspective, with particular attention to Lat...

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Bibliographic Details
Main Authors:	Loayza, Norman V., Servén, Luis
Format:	Publication
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	ADMINISTRATIVE BURDENS ADVERSE EFFECT ADVERSE EFFECTS ADVERSE IMPACT AGRICULTURE ALLOCATION OF GOODS ALLOCATION OF RESOURCES ALLOCATIVE EFFICIENCY AVERAGE PRODUCTIVITY BANKRUPTCY BARRIERS TO ENTRY BENCHMARK BURDEN OF REGULATION BUSINESS REGULATION CAPITAL GOODS CENTRAL BANK COMPETITION POLICIES COMPETITIVE INDUSTRIES COMPETITIVE MARKETS COMPETITIVE PRESSURE COMPETITIVE PRESSURES COMPETITORS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMERS COSTS OF REGULATION CPI CREDIT RATIONING DEMAND ELASTICITY DEREGULATION DEVELOPED COUNTRIES ECONOMETRIC ESTIMATES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC COSTS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMICS ECONOMIES OF SCALE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH ENFORCEMENT CAPACITY ENVIRONMENTAL ENVIRONMENTAL CONSERVATION ENVIRONMENTAL PROTECTION ENVIRONMENTS EQUILIBRIUM EQUILIBRIUM PRICES EXCHANGE RATES EXTERNALITIES FACTOR DEMAND FINANCIAL MARKETS FINANCIAL RESOURCES FISCAL POLICY FUTURE RESEARCH GDP GDP PER CAPITA GOVERNMENT INTERVENTION GOVERNMENT REGULATION GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT GROWTH MODELS GROWTH RATE HIGH UNEMPLOYMENT HUMAN CAPITAL IMPACT OF REGULATION IMPACT OF REGULATIONS IMPORT BARRIERS INCOME LEVELS INCREASING RETURNS INDUSTRIAL ECONOMIES INEFFICIENCY INTERMEDIATE INPUTS INTERNATIONAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL TRADE LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LEGAL FRAMEWORK LEGAL STATUS LEGAL SYSTEM LEGISLATION MACROECONOMIC PERFORMANCE MACROECONOMICS MANAGERIAL SLACK MARGINAL COSTS MARKET FAILURES MARKET POWER MARKET REFORM MARKET REFORMS MARKET SHARE MARKET STRUCTURE MONOPOLY MONOPOLY RENTS NATURAL MONOPOLIES PATENTS POLICY IMPLICATION POLICY IMPLICATIONS POLICY PERSPECTIVE POLITICAL ECONOMY PRESENT VALUE PRICE CONTROLS PRODUCERS PRODUCT MARKET PRODUCT MARKETS PRODUCTION COSTS PRODUCTION FUNCTION PRODUCTION INPUTS PRODUCTION PROCESSES PRODUCTIVE RESOURCES PRODUCTIVITY GROWTH PROFESSIONAL SERVICES PROPERTY RIGHTS PUBLIC GOODS PUBLIC INTEREST PUBLIC OWNERSHIP PUBLIC PARTICIPATION PUBLIC POLICY PUBLIC SECTOR REAL WAGES REGULATORY BURDEN REGULATORY CHANGES REGULATORY COMPLIANCE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY GOALS REGULATORY POLICIES REGULATORY POLICY REGULATORY PROVISIONS REGULATORY REFORM REGULATORY REFORMS REGULATORY REGIMES RETAIL RETAIL TRADE RULES SAFETY SALES SCALE EFFECT SCALE EFFECTS SET OF RULES SOCIAL COSTS SOCIAL WELFARE SUPPLIERS TAXATION TECHNOLOGICAL PROGRESS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE BARRIERS TRADE LIBERALIZATION TRANSITION ECONOMIES TURNOVER VALUE ADDED VOLATILITY WAGES WELFARE EFFECTS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110518030320 http://hdl.handle.net/10986/2554

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Summary:	The objective of this volume is to document the patterns of business regulation across the world and review their impact on aggregate economic performance. The volume adopts a comparative cross-regional perspective, with particular attention to Latin America. The research reported here focuses on establishing the analytical and empirical links between microeconomic regulatory policies on the one hand, and aggregate productivity, growth, and volatility on the other. Thus, the volume adds to a novel but increasingly influential line of policy-relevant research that seeks to understand macroeconomic phenomena from a microeconomic perspective. Such literature is still fairly scarce in the case of industrial countries, and virtually in its infancy for developing countries. To achieve this end, the volume combines a variety of methodological approaches-analytical and empirical, micro and macroeconomic, single- and cross-country-to an extent limited mainly by the availability of suitable data. Following this overview, the volume comprises six chapters that address the subject from different but complementary perspectives, providing a comprehensive exploration of the various channels through which business regulation affects growth, stability, and other key macroeconomic dimensions.

Business Regulation and Economic Performance

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