The Impact of Regulation on Growth and Informality : Cross-Country Evidence
The authors study the effects of regulation on economic growth and the relative size of the informal sector in a large sample of industrial and developing countries. Along with firm dynamics, informality is an important channel through which regulation affects macroeconomic performance and economic...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/05/5843511/impact-regulation-growth-informality-cross-country-evidence http://hdl.handle.net/10986/8222 |
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okr-10986-82222021-04-23T14:02:42Z The Impact of Regulation on Growth and Informality : Cross-Country Evidence Loayza, Norman V. Ovíedo, Ana Maria Servén, Luis AVERAGE INCOME BANKRUPTCY CAPITAL ACCUMULATION CONTRACT ENFORCEMENT CORRUPTION DEMOCRATIC ACCOUNTABILITY DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT ENACTMENT ENVIRONMENTAL CONSERVATION EQUILIBRIUM EVASION FINANCIAL MARKETS FISCAL FISCAL BURDEN GOVERNANCE INDICATORS GOVERNANCE QUALITY GOVERNMENT PERFORMANCE GROWTH RATE GROWTH REGRESSION HUMAN CAPITAL INFORMAL ECONOMY INFORMAL SECTOR INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK LABOR MARKET LABOR MARKET REGULATIONS LABOR MARKETS LEGAL FRAMEWORK LEGALITY LEGISLATION MACROECONOMIC PERFORMANCE MEASUREMENT ERROR POLITICAL SYSTEM PUBLIC ACCOUNTABILITY PUBLIC INFRASTRUCTURE PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK REGULATORY QUALITY REVOLUTION RULE OF LAW SOCIAL EQUITY SOCIAL SECURITY SOCIAL WELFARE TAX TAX COMPLIANCE TAX PAYMENTS TAX RATE TAX RATES The authors study the effects of regulation on economic growth and the relative size of the informal sector in a large sample of industrial and developing countries. Along with firm dynamics, informality is an important channel through which regulation affects macroeconomic performance and economic growth in particular. The authors conclude that a heavier regulatory burden-particularly in product and labor markets-reduces growth and induces informality. These effects are, however, mitigated as the overall institutional framework improves. 2012-06-15T21:29:51Z 2012-06-15T21:29:51Z 2005-05 http://documents.worldbank.org/curated/en/2005/05/5843511/impact-regulation-growth-informality-cross-country-evidence http://hdl.handle.net/10986/8222 English Policy Research Working Paper; No. 3623 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
AVERAGE INCOME BANKRUPTCY CAPITAL ACCUMULATION CONTRACT ENFORCEMENT CORRUPTION DEMOCRATIC ACCOUNTABILITY DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT ENACTMENT ENVIRONMENTAL CONSERVATION EQUILIBRIUM EVASION FINANCIAL MARKETS FISCAL FISCAL BURDEN GOVERNANCE INDICATORS GOVERNANCE QUALITY GOVERNMENT PERFORMANCE GROWTH RATE GROWTH REGRESSION HUMAN CAPITAL INFORMAL ECONOMY INFORMAL SECTOR INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK LABOR MARKET LABOR MARKET REGULATIONS LABOR MARKETS LEGAL FRAMEWORK LEGALITY LEGISLATION MACROECONOMIC PERFORMANCE MEASUREMENT ERROR POLITICAL SYSTEM PUBLIC ACCOUNTABILITY PUBLIC INFRASTRUCTURE PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK REGULATORY QUALITY REVOLUTION RULE OF LAW SOCIAL EQUITY SOCIAL SECURITY SOCIAL WELFARE TAX TAX COMPLIANCE TAX PAYMENTS TAX RATE TAX RATES |
| spellingShingle |
AVERAGE INCOME BANKRUPTCY CAPITAL ACCUMULATION CONTRACT ENFORCEMENT CORRUPTION DEMOCRATIC ACCOUNTABILITY DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPLOYMENT ENACTMENT ENVIRONMENTAL CONSERVATION EQUILIBRIUM EVASION FINANCIAL MARKETS FISCAL FISCAL BURDEN GOVERNANCE INDICATORS GOVERNANCE QUALITY GOVERNMENT PERFORMANCE GROWTH RATE GROWTH REGRESSION HUMAN CAPITAL INFORMAL ECONOMY INFORMAL SECTOR INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK LABOR MARKET LABOR MARKET REGULATIONS LABOR MARKETS LEGAL FRAMEWORK LEGALITY LEGISLATION MACROECONOMIC PERFORMANCE MEASUREMENT ERROR POLITICAL SYSTEM PUBLIC ACCOUNTABILITY PUBLIC INFRASTRUCTURE PUBLIC POLICY REGULATORY BURDEN REGULATORY FRAMEWORK REGULATORY QUALITY REVOLUTION RULE OF LAW SOCIAL EQUITY SOCIAL SECURITY SOCIAL WELFARE TAX TAX COMPLIANCE TAX PAYMENTS TAX RATE TAX RATES Loayza, Norman V. Ovíedo, Ana Maria Servén, Luis The Impact of Regulation on Growth and Informality : Cross-Country Evidence |
| relation |
Policy Research Working Paper; No. 3623 |
| description |
The authors study the effects of regulation on economic growth and the relative size of the informal sector in a large sample of industrial and developing countries. Along with firm dynamics, informality is an important channel through which regulation affects macroeconomic performance and economic growth in particular. The authors conclude that a heavier regulatory burden-particularly in product and labor markets-reduces growth and induces informality. These effects are, however, mitigated as the overall institutional framework improves. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Loayza, Norman V. Ovíedo, Ana Maria Servén, Luis |
| author_facet |
Loayza, Norman V. Ovíedo, Ana Maria Servén, Luis |
| author_sort |
Loayza, Norman V. |
| title |
The Impact of Regulation on Growth and Informality : Cross-Country Evidence |
| title_short |
The Impact of Regulation on Growth and Informality : Cross-Country Evidence |
| title_full |
The Impact of Regulation on Growth and Informality : Cross-Country Evidence |
| title_fullStr |
The Impact of Regulation on Growth and Informality : Cross-Country Evidence |
| title_full_unstemmed |
The Impact of Regulation on Growth and Informality : Cross-Country Evidence |
| title_sort |
impact of regulation on growth and informality : cross-country evidence |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/05/5843511/impact-regulation-growth-informality-cross-country-evidence http://hdl.handle.net/10986/8222 |
| _version_ |
1764407349838086144 |