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Analysen und Berichte

Author

Listed:
  • Enrico Schöbel
  • Lars Petersen
  • Dominik Enste
  • Jochen Wicher

Abstract

Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality and other aspects matter. Hence, political acumen is required. Enste and Wicher reply to criticism of the regulation index and the analysis of the impact of regulation on education. They argue that they neither ignore the positive effects of regulation (taken into account with the data on good governance indicators) nor demand a zero regulation policy. Instead, the main goal of the analysis is to provide an international comparison for “better regulation”. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Enrico Schöbel & Lars Petersen & Dominik Enste & Jochen Wicher, 2013. "Analysen und Berichte," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 93(4), pages 267-271, April.
    • Handle: RePEc:spr:wirtsc:v:93:y:2013:i:4:p:267-271
    DOI: 10.1007/s10273-013-1520-6
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    More about this item

    Keywords

    H11; I25; I28; K23; L51; O43;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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