Title: Optimal Timing of Regulatory Policy and Economic Performance
Abstract:This paper looks at one of the ten Washington Consensus policies — the overall deregulation policy consisting of credit-, labor-market, and business deregulation — and studies the eects of the timing ...This paper looks at one of the ten Washington Consensus policies — the overall deregulation policy consisting of credit-, labor-market, and business deregulation — and studies the eects of the timing of deregulation on economic growth in more than 70 economies over a period of 30 years. Using dierencein-dierence estimation, this study finds that deregulation contributed to economic growth of the early reformers relatively more than to the late reformers. Further, the paper argues that late reformers’ growth did not increase more than the growth of the non-reformers.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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