A new and novel approach to controlling regulatory costs is the concept of the regulatory budget. This concept would require that governments account for regulatory expenditures in a similar way to fiscal expenditures. This article argues that there are analogies between fiscal and regulatory...

This paper examines productivity growth in Romania using balance sheet data for a census of Romanian firms in 2011-17. Three measures of productivity are estimated: labor productivity, revenue total factor productivity, and revenue total factor productivity adjusted for markups. Drawing from...

Ces dernières années, la réglementation des marchés de produits dans les pays de l’OCDE est globalement devenue moins restrictive pour la concurrence. Cela a entraîné une certaine convergence des politiques de réglementationþ; cependant, dans le même temps, la disparité des...

Product market regulation in the OECD area has generally become less restrictive of competition over recent years. This has lead to a degree of convergence in regulatory policies, but nonetheless, the productivity performance of OECD countries has become increasingly disparate. Indeed, according...

This paper investigates the effect of product market regulations on the international diffusion of productivity shocks. The empirical results indicate that restrictive product market regulations slow the process of adjustment through which best practice production techniques diffuse across...

This paper examines the development of Russian industry in comparison with that of Ukrainian industry during 1995–2004 in an effort to ascertain to what extent, if any, Russian manufacturing showed signs of succumbing to ‘Dutch disease’. Ukraine and Russia began the market transition with...

Using enterprise data for the economies of Central and Eastern Europe and the CIS, this study examines the effects of corruption on productivity. Corruption is narrowly defined as the occurrence of informal payments to government officials to ease the day-to-day operation of firms. The effects...