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Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009

We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to … but bring future prosperity. We test these hypotheses, using data on micro-economic reforms from the World Bank’s Doing … institutions. The results provide a robust support for the claim that democracy is good for growth-enhancing reforms. …

Persistent link: https://www.econbiz.de/10005124381

Free to Choose? Reform and Demand Response in the English National Health Service

Gaynor, Martin; Propper, Carol; Seiler, Stephan - C.E.P.R. Discussion Papers - 2012

The impacts of choice in public services are controversial. We exploit a reform in the English National Health Service to assess the impact of relaxing constraints on patient choice. We estimate a demand model to evaluate whether increased choice increased demand elasticity faced by hospitals...

Persistent link: https://www.econbiz.de/10011083844

Law Enforcement under Incomplete Law: Theory and Evidence from Financial Market Regulation

Pistor, Katharina; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2003

This Paper studies the design of lawmaking and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure. As a potential remedy, a regulatory regime is introduced. The major functional...

Persistent link: https://www.econbiz.de/10005504579

Trade Secret Laws, Labour Mobility and Innovations

Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 2002

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant not to compete (CNC) reduces effort and profits under both spot and relational contracts. Having no CNC allows the researcher to leave for a rival. This alleviates a...

Persistent link: https://www.econbiz.de/10005504700

Investment Liberalization - Who Benefits from Cross Border Mergers

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2002

Investment liberalizing countries are often concerned that cross-border mergers & acquisitions might have an adverse effect on domestic firms and benefit multinational enterprises (MNEs). Given that domestic assets are sufficiently scarce, we identify a preemption effect and an asset...

Persistent link: https://www.econbiz.de/10005136401

Crises, What Crises?

Campos, Nauro F; Hsiao, Cheng; Nugent, Jeffrey B - C.E.P.R. Discussion Papers - 2006

Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises that are the most important drivers of structural...

Persistent link: https://www.econbiz.de/10005136426

Macroeconomic Effects of Regulation and Deregulation in Goods and Labour Markets

Blanchard, Olivier J; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2001

Product and labour market deregulation are fundamentally about reducing and redistributing rents, leading economic players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with strong distribution and dynamic effects. The transition...

Persistent link: https://www.econbiz.de/10005136620

Legal Form, Growth and Exit of West German Firms - Empirical Results for Manufacturing, Construction, Trade and Service Industries

Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael - C.E.P.R. Discussion Papers - 1996

In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We argue that the legal form adopted by a firm is an important indicator of the riskiness of projects undertaken, and that firms under limited liability should be characterized by higher...

Persistent link: https://www.econbiz.de/10005136761

Can Labour Regulation Hinder Economic Performance? Evidence from India

Besley, Timothy J.; Burgess, Robin - C.E.P.R. Discussion Papers - 2002

This Paper investigates whether the industrial relations climate in Indian states has affected the pattern of manufacturing growth in the period 1958-92. We show that pro-worker amendments to the Industrial Disputes Act are associated with lowered investment, employment, productivity and output...

Persistent link: https://www.econbiz.de/10005114329

Are Endowments Fate?

Nugent, Jeffrey B; Robinson, James A - C.E.P.R. Discussion Papers - 2002

In recent theories of comparative development the role of institutional differences has been crucial. Yet what explains comparative institutional evolution? We investigate this issue by studying the coffee exporting economies of Latin America. While homogeneous in many ways, they experienced...

Persistent link: https://www.econbiz.de/10005123696