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Bureaucratic Delays and Constraints on Growth

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Author Info
Vittorio Daniele

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Abstract

The aim of this paper is twofold. Firstly, applying the “Ease of doing business” World Bank indicator, the article analyses the impact of economic regulation on growth in a cross section of about 150 countries in the period 1990-2004. Secondly, the article examines the relationship between regulation and the underlying legal origins in the various countries. According to our estimations, economic regulation is correlated with economic growth, in the sense that growth is, on average, faster in the countries with more business-friendly regulation (as measured by the above-mentioned indicator). Confirming a finding of the literature, we ascertain a negative correlation between civil law origins and regulation. Finally, we briefly discuss the relevance of legal origins as instrumental variables for economic regulation.

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Publisher Info
Article provided by Associazione Rossi Doria in its journal QA.

Volume (Year): (2008)
Issue (Month): 3 (July)
Pages:
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Handle: RePEc:rar:journl:0084

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Related research
Keywords: Ease of Doing Business; Economic Regulation; Economic Growth; Legal Origins;

Find related papers by JEL classification:
C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Microeconomic Data
D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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This page was last updated on 2009-11-18.


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