The growth-maximizing level of regulation: Evidence from a panel of international data
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ejpoleco.2019.05.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Durlauf, Steven N. & Johnson, Paul A. & Temple, Jonathan R.W., 2005.
"Growth Econometrics,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.),Handbook of Economic Growth, edition 1, volume 1, chapter 8, pages 555-677,
Elsevier.
- Johnson, Paul & Durlauf, Steven N & Temple, Johnathan R. W., 2004. "Growth Econometrics," Vassar College Department of Economics Working Paper Series 61, Vassar College Department of Economics.
- Durlauf,S.N. & Johnson,P.A. & Temple,J.R.W., 2004. "Growth econometrics," Working papers 18, Wisconsin Madison - Social Systems.
- George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
- Haidar, Jamal Ibrahim, 2012.
"The impact of business regulatory reforms on economic growth,"
Journal of the Japanese and International Economies, Elsevier, vol. 26(3), pages 285-307.
- Jamal Ibrahim Haidar, "undated". "The Impact of Business Regulatory Reforms on Economic Growth," Working Paper 305086, Harvard University OpenScholar.
- Jamal Ibrahim Haidar, 2012. "The Impact of Business Regulatory Reforms on Economic Growth," PSE-Ecole d'économie de Paris (Postprint) hal-00966139, HAL.
- Jamal Ibrahim Haidar, 2012. "The impact of Business Regulatory Reforms on Economic Growth," Post-Print halshs-00717423, HAL.
- Jamal Ibrahim Haidar, 2012. "The Impact of Business Regulatory Reforms on Economic Growth," Documents de travail du Centre d'Economie de la Sorbonne 12044, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Jamal Ibrahim Haidar, 2012. "The Impact of Business Regulatory Reforms on Economic Growth," Post-Print hal-00966139, HAL.
- Jamal Ibrahim Haidar, 2012. "The Impact of Business Regulatory Reforms on Economic Growth," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00966139, HAL.
- Jamal Ibrahim Haidar, 2012. "The impact of Business Regulatory Reforms on Economic Growth," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00717423, HAL.
- Giuseppe Nicoletti & Stefano Scarpetta, 2003.
"Regulation, productivity and growth: OECD evidence [‘A model of growth through creative destruction’],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(36), pages 9-72.
- Giuseppe Nicoletti & Stefano Scarpetta, 2003. "Regulation, Productivity and Growth: OECD Evidence," OECD Economics Department Working Papers 347, OECD Publishing.
- Nicoletti, Giuseppe & Scarpetta, Stefano, 2003. "Regulation, productivity, and growth : OECD evidence," Policy Research Working Paper Series 2944, The World Bank.
- Justesen, Mogens K., 2008. "The effect of economic freedom on growth revisited: New evidence on causality from a panel of countries 1970-1999," European Journal of Political Economy, Elsevier, vol. 24(3), pages 642-660, September.
- Levine, David K. & Modica, Salvatore, 2017.
"Size, fungibility, and the strength of lobbying organizations,"
European Journal of Political Economy, Elsevier, vol. 49(C), pages 71-83.
- David K Levine & Salvatore Modica, 2016. "Size, Fungibility, and the Strength of Lobbying Organizations," Levine's Working Paper Archive 786969000000001316, David K. Levine.
- Chen, Yu-Fu & Funke, Michael, 2008.
"Product market competition, investment and employment-abundant versus job-poor growth: A real options perspective,"
European Journal of Political Economy, Elsevier, vol. 24(1), pages 218-238, March.
- Yu-Fu Chen & Michael Funke, 2005. "Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective," Quantitative Macroeconomics Working Papers 20510, Hamburg University, Department of Economics.
- Yu-Fu Chen & Michael Funke, 2008. "Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective," Quantitative Macroeconomics Working Papers 20802, Hamburg University, Department of Economics.
- Yu-Fu Chen & Michael Funke, 2005. "Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective," CESifo Working Paper Series 1563, CESifo.
- Yu-Fu Chen & Michael Funke, 2005. "Product Market Competition, Investment and Employment-Abundant versus Job-poor Growth: A Real Options Perspective," Dundee Discussion Papers in Economics 180, Economic Studies, University of Dundee.
- Jonathan Temple, 2005.
"Dual Economy Models: A Primer For Growth Economists,"
Manchester School, University of Manchester, vol. 73(4), pages 435-478, July.
- Jonathan Temple, 2005. "Dual economy models: a primer for growth economists," Bristol Economics Discussion Papers 05/574, School of Economics, University of Bristol, UK.
- Johnson, Noel D. & Koyama, Mark, 2017. "States and economic growth: Capacity and constraints," Explorations in Economic History, Elsevier, vol. 64(C), pages 1-20.
- Becker, Gary S., 1985.
"Public policies, pressure groups, and dead weight costs,"
Journal of Public Economics, Elsevier, vol. 28(3), pages 329-347, December.
- Becker, Gary S., 1984. "Public Policies, Pressure Groups, and Dead Weight Costs," Working Papers 35, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Guglielmo Barone & Federico Cingano, 2011.
"Service Regulation and Growth: Evidence from OECD Countries,"
Economic Journal, Royal Economic Society, vol. 121(555), pages 931-957, September.
- Guglielmo Barone & Federico Cingano, 2008. "Service regulation and growth: evidence from OECD countries," Temi di discussione (Economic working papers) 675, Bank of Italy, Economic Research and International Relations Area.
- Jac C. Heckelman & Bonnie Wilson, 2013.
"Institutions, Lobbying, and Economic Performance,"
Economics and Politics, Wiley Blackwell, vol. 25(3), pages 360-386, November.
- Bonnie Wilson & Jac Heckelman, 2012. "Institutions, Lobbying, and Economic Performance," Working Papers 2012-02, Saint Louis University, Department of Economics.
- Peltzman, Sam, 1976.
"Toward a More General Theory of Regulation,"
Journal of Law and Economics, University of Chicago Press, vol. 19(2), pages 211-240, August.
- Sam Peltzman, 1976. "Toward a More General Theory of Regulation," NBER Working Papers 0133, National Bureau of Economic Research, Inc.
- Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
- Prato, Carlo & Wolton, Stephane, 2018.
"Rational ignorance, populism, and reform,"
European Journal of Political Economy, Elsevier, vol. 55(C), pages 119-135.
- Prato, Carlo & Wolton, Stephane, 2017. "Rational ignorance, populism, and reform," LSE Research Online Documents on Economics 86371, London School of Economics and Political Science, LSE Library.
- Dawson, John W., 2003.
"Causality in the freedom-growth relationship,"
European Journal of Political Economy, Elsevier, vol. 19(3), pages 479-495, September.
- John W. Dawson, 2001. "Causality in the Freedom-Growth Relationship," Working Papers 01-04, Department of Economics, Appalachian State University.
- Randall G. Holcombe, 2015. "Unanimous consent and constitutional economics," Chapters, in: Jac C. Heckelman & Nicholas R. Miller (ed.), Handbook of Social Choice and Voting, chapter 3, pages 35-53, Edward Elgar Publishing.
- Karras, Georgios, 1996. "The Optimal Government Size: Further International Evidence on the Productivity of Government Services," Economic Inquiry, Western Economic Association International, vol. 34(2), pages 193-203, April.
- Djankov, Simeon & McLiesh, Caralee & Ramalho, Rita Maria, 2006. "Regulation and growth," Economics Letters, Elsevier, vol. 92(3), pages 395-401, September.
- Compton, Ryan A. & Giedeman, Daniel C. & Hoover, Gary A., 2011. "Panel evidence on economic freedom and growth in the United States," European Journal of Political Economy, Elsevier, vol. 27(3), pages 423-435, September.
- James Buchanan, 1990. "The domain of constitutional economics," Constitutional Political Economy, Springer, vol. 1(1), pages 1-18, December.
- Jac C. Heckelman & Nicholas R. Miller (ed.), 2015. "Handbook of Social Choice and Voting," Books, Edward Elgar Publishing, number 15584.
- Jonathan R. W. Temple, 2005. "Growth and Wage Inequality in a Dual Economy," Bulletin of Economic Research, Wiley Blackwell, vol. 57(2), pages 145-169, April.
- Olson, Mancur, 1993. "Dictatorship, Democracy, and Development," American Political Science Review, Cambridge University Press, vol. 87(3), pages 567-576, September.
- Richard J. Cebula, 2011. "Economic Growth, Ten Forms of Economic Freedom, and Political Stability: An Empirical Study Using Panel Data, 2003–2007," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 26(Spring 20), pages 61-81.
- Pranab Bardhan, 2016. "State and Development: The Need for a Reappraisal of the Current Literature," Journal of Economic Literature, American Economic Association, vol. 54(3), pages 862-892, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Bjørnskov, Christian, 2020. "Economic Freedom and the CO2 Kuznets Curve," Working Paper Series 1331, Research Institute of Industrial Economics.
- Heckelman, Jac C & Wilson, Bonnie, 2023. "Aid, Reform, and Interest Groups," MPRA Paper 118182, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- James Broughel & Robert W. Hahn, 2022. "The impact of economic regulation on growth: Survey and synthesis," Regulation & Governance, John Wiley & Sons, vol. 16(2), pages 448-469, April.
- Lacroix, Jean & Méon, Pierre-Guillaume & Sekkat, Khalid, 2021.
"Democratic transitions can attract foreign direct investment: Effect, trajectories, and the role of political risk,"
Journal of Comparative Economics, Elsevier, vol. 49(2), pages 340-357.
- Jean Lacroix & Pierre-Guillaume Méon & Khalid Sekkat, 2021. "Democratic transitions can attract foreign direct investment: Effect, trajectories, and the role of political risk," Post-Print hal-04210351, HAL.
- ., 2019. "Economic theory of non-territorial unbundling," Chapters, in: The Political Economy of Non-Territorial Exit, chapter 1, pages 14-38, Edward Elgar Publishing.
- Baharumshah, Ahmad Zubaidi & Slesman, Ly & Wohar, Mark E., 2016. "Inflation, inflation uncertainty, and economic growth in emerging and developing countries: Panel data evidence," Economic Systems, Elsevier, vol. 40(4), pages 638-657.
- Mauro Napoletano & Jean-Luc Gaffard, 2010.
"Performances et politiques de croissance. Un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques,"
Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 213-248.
- Mauro Napoletano & Jean-Luc Gaffard, 2010. "Performances et politiques de croissance : un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques," SciencePo Working papers Main hal-01023773, HAL.
- Mauro Napoletano & Jean-Luc Gaffard, 2010. "Performances et politiques de croissance : un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques," Post-Print hal-01023773, HAL.
- Mauro Napoletano & Jean-Luc Gaffard, 2010. "Performances et politiques de croissance: Un éclairage empirique à partir d’une étude de l’effet de la taille des pays et nouvelles réflexions théoriques," Sciences Po publications info:hdl:2441/eu4vqp9ompq, Sciences Po.
- Zhang, Zibin & Yang, Wenxin & Ye, Jianliang, 2021. "Why sulfur dioxide emissions decline significantly from coal-fired power plants in China? Evidence from the desulfurated electricity pricing premium program," Energy Policy, Elsevier, vol. 148(PB).
- Altinok, Nadir & Aydemir, Abdurrahman, 2017.
"Does one size fit all? The impact of cognitive skills on economic growth,"
Journal of Macroeconomics, Elsevier, vol. 53(C), pages 176-190.
- Nadir Altinok & Abdurrahman Aydemir, 2016. "Does one size fit all? The impact of cognitive skills on economic growth," Working Papers halshs-01376281, HAL.
- Nadir Altinok & Abdurrahman Aydemir, 2017. "Does one size fit all? The impact of cognitive skills on economic growth," Post-Print halshs-01671740, HAL.
- Nadir Altinok & Abdurrahman Aydemir, 2016. "Does one size fit all? The impact of cognitive skills on economic growth," Working Papers of BETA 2016-34, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Nadir ALTINOK & Abdurrahman AYDEMIR, 2017. "Does one size fit all? The impact of cognitive skills on economic growth," Working Paper fe6bac64-da74-4fe1-b551-7, Agence française de développement.
- Baarsch, Florent & Granadillos, Jessie R. & Hare, William & Knaus, Maria & Krapp, Mario & Schaeffer, Michiel & Lotze-Campen, Hermann, 2020. "The impact of climate change on incomes and convergence in Africa," World Development, Elsevier, vol. 126(C).
- Feng, Guohua & Gao, Jiti & Peng, Bin, 2022.
"An integrated panel data approach to modelling economic growth,"
Journal of Econometrics, Elsevier, vol. 228(2), pages 379-397.
- Guohua Feng & Jiti Gao & Bin Peng, 2019. "An Integrated Panel Data Approach to Modelling Economic Growth," Papers 1903.07948, arXiv.org.
- Eduardo Zambrano, 1999. "Formal Models Of Authority," Rationality and Society, , vol. 11(2), pages 115-138, May.
- Hausmann, Ricardo & Neffke, Frank M.H., 2019.
"The workforce of pioneer plants,"
Research Policy, Elsevier, vol. 48(3), pages 628-648.
- Hausmann, Ricardo & Neffke, Frank, 2016. "The Workforce of Pioneer Plants," Working Paper Series 16-006, Harvard University, John F. Kennedy School of Government.
- Ricardo Hausmann & Frank Neffke, 2016. "The Workforce of Pioneer Plants," CID Working Papers 310, Center for International Development at Harvard University.
- Ricardo Hausmann & Frank Neffke, 2016. "The workforce of pioneer plants," Papers in Evolutionary Economic Geography (PEEG) 1603, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Feb 2016.
- Rafiou Raphaël Bétila, 2021. "The impact of Ease of Doing Business on economic growth: a dynamic panel analysis for African countries," SN Business & Economics, Springer, vol. 1(10), pages 1-34, October.
- Celine Bonnefond, 2014.
"Growth Dynamics And Conditional Convergence Among Chinese Provinces: A Panel Data Investigation Using System Gmm Estimator,"
Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 39(4), pages 1-25, December.
- Céline BONNEFOND, 2013. "Growth dynamics and conditional convergence among Chinese provinces: a panel data investigation using system GMM estimator," Cahiers du GREThA (2007-2019) 2013-23, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
- Ruiz Díaz, Gonzalo, 2019.
"Opportunism and third-party influence on long-term public contracts,"
Utilities Policy, Elsevier, vol. 61(C).
- Gonzalo Ruiz D., 2018. "Opportunism and Third-Party Influence on Long-Term Public Contracts," Documentos de Trabajo / Working Papers 2018-456, Departamento de Economía - Pontificia Universidad Católica del Perú.
- Henry Laverde Rojas, Diego Andrés Guevara Fletcher, 2015. "Una nueva medida de capital humano como determinante del crecimiento económico. Un caso empírico por medio de la metodología de componentes principales," Revista CIFE, Universidad Santo Tomás, February.
- Bhattarai, Keshab & Qin, Weiguang, 2022.
"Convergence in labor productivity across provinces and production sectors in China,"
The Journal of Economic Asymmetries, Elsevier, vol. 25(C).
- Qin, Weiguang & Bhattarai, Keshab, 2021. "Convergence in Labor Productivity across Provinces and Production Sectors in China," MPRA Paper 111191, University Library of Munich, Germany.
- Broughel, James & Hahn, Robert, 2020. "The Impact of Economic Regulation on Growth: Survey and Synthesis," Working Papers 10409, George Mason University, Mercatus Center.
- Jim Rose & Simon Hay, 2001. "Three Steps Towards More Effective Development Assistance," Treasury Working Paper Series 01/26, New Zealand Treasury.
- Makiela, Kamil & Ouattara, Bazoumana, 2018. "Foreign direct investment and economic growth: Exploring the transmission channels," Economic Modelling, Elsevier, vol. 72(C), pages 296-305.
- Hayo, Bernd & Voigt, Stefan, 2007.
"Explaining de facto judicial independence,"
International Review of Law and Economics, Elsevier, vol. 27(3), pages 269-290, September.
- Bernd Hayo & Stefan Voigt, 2003. "Explaining de facto judicial independence," Law and Economics 0306001, University Library of Munich, Germany.
- Bernd Hayo and Stefan Voigt, 2005. "Explaining de facto Judicial Independence," Marburg Working Papers on Economics 200507, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Bernd Hayo & Stefan Voigt, 2003. "Explaining de facto judicial independence," ICER Working Papers 01-2004, ICER - International Centre for Economic Research.
More about this item
Keywords
Regulation; Economic growth; Institutions; Quadratic relation;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:poleco:v:59:y:2019:i:c:p:354-368. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505544 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.