Loayza, Norman V.Servén, Luis2026-07-01http://hdl.handle.net/123456789/414985The 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.application/pdftext/plainCC BY 3.0 IGOhttp://creativecommons.org/licenses/by/3.0/igoWorld BankADMINISTRATIVE BURDENSADVERSE EFFECTADVERSE EFFECTSADVERSE IMPACTAGRICULTUREALLOCATION OF GOODSALLOCATION OF RESOURCESALLOCATIVE EFFICIENCYAVERAGE PRODUCTIVITYBANKRUPTCYBARRIERS TO ENTRYBENCHMARKBURDEN OF REGULATIONBUSINESS REGULATIONCAPITAL GOODSCENTRAL BANKCOMPETITION POLICIESCOMPETITIVE INDUSTRIESCOMPETITIVE MARKETSCOMPETITIVE PRESSURECOMPETITIVE PRESSURESCOMPETITORSCONSUMER PRICECONSUMER PRICE INDEXCONSUMERSCOSTS OF REGULATIONCPICREDIT RATIONINGDEMAND ELASTICITYDEREGULATIONDEVELOPED COUNTRIESECONOMETRIC ESTIMATESECONOMIC ACTIVITYECONOMIC CONSEQUENCESECONOMIC COSTSECONOMIC DEVELOPMENTECONOMIC EFFICIENCYECONOMIC GROWTHECONOMIC OUTCOMESECONOMIC PERFORMANCEECONOMIC RESEARCHECONOMICSECONOMIES OF SCALEEMPIRICAL ANALYSISEMPIRICAL EVIDENCEEMPIRICAL RESEARCHENFORCEMENT CAPACITYENVIRONMENTALENVIRONMENTAL CONSERVATIONENVIRONMENTAL PROTECTIONENVIRONMENTSEQUILIBRIUMEQUILIBRIUM PRICESEXCHANGE RATESEXTERNALITIESFACTOR DEMANDFINANCIAL MARKETSFINANCIAL RESOURCESFISCAL POLICYFUTURE RESEARCHGDPGDP PER CAPITAGOVERNMENT INTERVENTIONGOVERNMENT REGULATIONGOVERNMENT SERVICESGROSS DOMESTIC PRODUCTGROWTH MODELSGROWTH RATEHIGH UNEMPLOYMENTHUMAN CAPITALIMPACT OF REGULATIONIMPACT OF REGULATIONSIMPORT BARRIERSINCOME LEVELSINCREASING RETURNSINDUSTRIAL ECONOMIESINEFFICIENCYINTERMEDIATE INPUTSINTERNATIONAL MARKETSINTERNATIONAL STANDARDINTERNATIONAL TRADELABOR FORCELABOR MARKETLABOR MARKETSLABOR PRODUCTIVITYLEGAL FRAMEWORKLEGAL STATUSLEGAL SYSTEMLEGISLATIONMACROECONOMIC PERFORMANCEMACROECONOMICSMANAGERIAL SLACKMARGINAL COSTSMARKET FAILURESMARKET POWERMARKET REFORMMARKET REFORMSMARKET SHAREMARKET STRUCTUREMONOPOLYMONOPOLY RENTSNATURAL MONOPOLIESPATENTSPOLICY IMPLICATIONPOLICY IMPLICATIONSPOLICY PERSPECTIVEPOLITICAL ECONOMYPRESENT VALUEPRICE CONTROLSPRODUCERSPRODUCT MARKETPRODUCT MARKETSPRODUCTION COSTSPRODUCTION FUNCTIONPRODUCTION INPUTSPRODUCTION PROCESSESPRODUCTIVE RESOURCESPRODUCTIVITY GROWTHPROFESSIONAL SERVICESPROPERTY RIGHTSPUBLIC GOODSPUBLIC INTERESTPUBLIC OWNERSHIPPUBLIC PARTICIPATIONPUBLIC POLICYPUBLIC SECTORREAL WAGESREGULATORY BURDENREGULATORY CHANGESREGULATORY COMPLIANCEREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREGULATORY GOALSREGULATORY POLICIESREGULATORY POLICYREGULATORY PROVISIONSREGULATORY REFORMREGULATORY REFORMSREGULATORY REGIMESRETAILRETAIL TRADERULESSAFETYSALESSCALE EFFECTSCALE EFFECTSSET OF RULESSOCIAL COSTSSOCIAL WELFARESUPPLIERSTAXATIONTECHNOLOGICAL PROGRESSTERMS OF TRADETOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTRADE BARRIERSTRADE LIBERALIZATIONTRANSITION ECONOMIESTURNOVERVALUE ADDEDVOLATILITYWAGESWELFARE EFFECTS