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Regulation and Investment (2005)
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by
Alberto Alesina
,
Silvia Ardagna
,
Fabio Schiantarelli
| Venue: | Journal of the European Economic Association |
| Citations: | 72 - 8 self |
BibTeX
@ARTICLE{Alesina05regulationand,
author = {Alberto Alesina and Silvia Ardagna and Fabio Schiantarelli},
title = {Regulation and Investment},
journal = {Journal of the European Economic Association},
year = {2005},
pages = {791--825}
}
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Abstract
We use newly assembled data on regulation in several sectors of many OECD countries to provide evidence that regulatory reform of product markets is associated with an increase in investment. A component of reform that plays a very important role is entry liberalization, but privatization also has a substantial effect on investment. Sensitivity analysis suggests that our results are robust. 1
