Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex … its justification and objectives, regulation can have potentially significant macroeconomic consequences, by helping or … an empirical analysis of the macroeconomic impact of regulation. It first characterizes the stylized facts on regulation …

The authors study the effects of regulation on economic growth and the relative size of the informal sector in a large … regulation affects macroeconomic performance and economic growth in particular. The authors conclude that a heavier regulatory …

regulation of natural monopolies, do create an environment more conducive to: 1) Private sector participation in infrastructure … should combine changes in industry structure, ownership, and (through effective regulation) behavior. To minimize the risk of …

, lining up with the increasing dispersion in growth. The authors then investigate empirically the regulation-growth link using … its cross-country variance. Regressing MFP on both economywide indicators of regulation and privatization and industry … greater the further a given country is from the technology leader. So, regulation limiting entry may hinder the adoption of …