Business Regulation and Economic Performance
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Washington, DC: World Bank
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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.
Palabras clave
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