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August 2001 - New data show that countries that regulate the entry of new firms more heavily have greater corruption and larger unofficial economies, but not better quality goods. The evidence supports the view that regulating entry benefits politicians and bureaucrats. Djankov and his coauthors...
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the number of procedures, official time, and official cost that a start-up must bear before it can operate legally. The … limited governments have fewer entry regulations. The evidence is inconsistent with Pigouvian (helping hand) theories of …
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We investigate the regulation of labor markets through employment laws, collective bargaining laws, and social security … laws in 85 countries. We find that richer countries regulate labor less than poorer countries do, although they have more … generous social security systems. The political power of the left is associated with more stringent labor regulations and more …
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