Bureaucratic Delays and Constraints on Growth
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.
Volume (Year): (2008)
Issue (Month): 3 (July)
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- Antonio Ciccone & Marek Jarociński, 2010.
"Determinants of Economic Growth: Will Data Tell?,"
American Economic Journal: Macroeconomics,
American Economic Association, vol. 2(4), pages 222-246, October.
- Antonio Ciccone & Marek Jarocinski, 2007. "Determinants of economic growth: Will data tell?," Economics Working Papers 1052, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2009.
- Ciccone, Antonio & Jarociński, Marek, 2008. "Determinants of economic growth: will data tell?," Working Paper Series 0852, European Central Bank.
- Marek Jarocinski & Antonio Ciccone, 2009. "Determinants of Economic Growth: Will Data Tell?," Working Papers 2009-36, FEDEA.
- Ciccone, Antonio & Jarocinski, Marek, 2007. "Determinants of Economic Growth: Will Data Tell?," CEPR Discussion Papers 6544, C.E.P.R. Discussion Papers.
- Antonio Ciccone & Marek Jarocinski, 2010. "Determinants of Economic Growth: Will Data Tell?," Working Papers 1009, BBVA Bank, Economic Research Department.
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- repec:hrv:faseco:30747190 is not listed on IDEAS
- Doppelhofer, G. & Weeks, M., 2005. "Jointness of Growth Determinants," Cambridge Working Papers in Economics 0542, Faculty of Economics, University of Cambridge.
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- repec:hrv:faseco:30747160 is not listed on IDEAS Full references (including those not matched with items on IDEAS)
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