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We use a stochastic-frontier approach to study the effects of political and regulatory institutions on aggregate productivity in 39 countries from 1975 to 1990. We show that technical efficiency is positively related to policies supporting laissez-faire and political structures that promote...
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We use a stochastic-frontier approach to study the effects of political and regulatory institutions on aggregate productivity in 39 countries from 1975 to 1990. We show that technical efficiency is positively related to policies supporting laissez-faire and political structures that promote...
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Regulation, Deregulation, Reregulation Institutional Perspectives Edited by Claude Menard Professor of Economics, University of Paris (Pantheon-Sorbonne), France Michel Ghertman University of Nice-Sophia Antipolis and GREDEG, France ADVANCES IN NEW INSTITUTIONAL ANALYSIS Edward...
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