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Regulatory delay and growth: a cross country analysis

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  • Wim Marneffe
  • Bas Aarle
  • Lode Vereeck

Abstract

This paper exploits cross country data on regulatory delay for 135 countries. The results from the regression analysis suggest that waiting time stemming from business procedures has a negative impact on economic growth, especially when we take into account possible endogeneity. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Wim Marneffe & Bas Aarle & Lode Vereeck, 2013. "Regulatory delay and growth: a cross country analysis," European Journal of Law and Economics, Springer, vol. 35(3), pages 385-396, June.
    • Handle: RePEc:kap:ejlwec:v:35:y:2013:i:3:p:385-396
    DOI: 10.1007/s10657-011-9295-y
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    References listed on IDEAS

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    1. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2002. "The Regulation of Entry," The Quarterly Journal of Economics, Oxford University Press, vol. 117(1), pages 1-37.
    2. Lode Vereeck & Manuela Mühl, 2000. "An Economic Theory of Court Delay," European Journal of Law and Economics, Springer, vol. 10(3), pages 243-268, November.
    3. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, December.
    4. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    5. Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2004. "Do Institutions Cause Growth?," Journal of Economic Growth, Springer, vol. 9(3), pages 271-303, September.
    6. 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.
    7. Djankov, Simeon & McLiesh, Caralee & Ramalho, Rita Maria, 2006. "Regulation and growth," Economics Letters, Elsevier, vol. 92(3), pages 395-401, September.
    8. Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," American Economic Review, American Economic Association, vol. 94(4), pages 813-835, September.
    9. Esfahani, Hadi Salehi & Ramirez, Maria Teresa, 2003. "Institutions, infrastructure, and economic growth," Journal of Development Economics, Elsevier, vol. 70(2), pages 443-477, April.
    10. Jalilian, Hossein & Kirkpatrick, Colin & Parker, David, 2007. "The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis," World Development, Elsevier, vol. 35(1), pages 87-103, January.
    11. Buttner, Bettina, 2006. "Entry barriers and growth," Economics Letters, Elsevier, vol. 93(1), pages 150-155, October.
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    Cited by:

    1. Samantha Bielen & Wim Marneffe & Lode Vereeck, 2015. "A cross-country analysis of the impact of regulatory quality on commercial case disposition time," European Journal of Law and Economics, Springer, vol. 39(3), pages 455-474, June.

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    More about this item

    Keywords

    Growth; Regulation; Regulatory delay; K2; O4;
    All these keywords.

    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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