This study examines how credit supply affects a household’s long-term well-being, measured by suicide deaths. Using the banking deregulation in the U.S. as a quasi-natural experiment, we find that enhanced credit supply reduces households’ suicide deaths. The effects are more remarkable in...

Letter markets are still highly regulated in most countries. Some countries, such as those of the European Union, plan to liberalize letter markets within this decade. Competition will provide many new challenges and opportunities for established and new players. In this paper we analyze...

This paper examines the short-lived electricity sector restructuring initiative of the province of Ontario, Canada's largest province. In May 2002, following years of planning and consultation Ontario opened its retail and wholesale electricity markets to competition. The summer of 2002 saw...

In this article, we analyse the determinants of firm-level profit margins in Indian manufacturing. The model we estimate is rich in its dynamic characterization allowing as it does for lagged terms, trend movements, business cycle effects and a structural break in 1991. We hypothesize that the...

In this paper we study how privatization and deregulation of production of intermediate goods influence capital accumulation. Our model is solved under three alternative scenarios: one where the intermediate sector is composed of a public monopoly under government control, one where the...

We investigate the determinants of regulatory reforms between 1990 and 1998 in 50 developing countries. We find that the reforms are attributable to differences in the configurations of interest groups and in the political structure - in particular, the decision-making mechanisms and the...

This paper presents empirical evidence regarding the effect of endogenous deregulation on productivity. We find that treating deregulation across OECD countries as an exogenous event overestimates the competitive impact of deregulation on productivity by as much as 40%