Regulation and investment

• 成果类型: Article
• 署名作者: Alesina, A; Ardagna, S; Nicoletti, G; Schiantarelli, F
• 署名单位: Harvard University; National Bureau of Economic Research; Boston College
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1162/1542476054430834
• 发表日期: 2005
• 页码: 791-825
• 关键词: deregulation; COMPETITION; enterprises; BEHAVIOR; MODEL

摘要

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.