Regulation and Investment

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Regulation and Investment

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Title: Regulation and Investment
Author: Nicoletti, Giuseppe; Ardagna, Silvia; Alesina, Alberto; Schiantarelli, Fabio

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Citation: Alesina, Alberto, Silvia Ardagna, Giuseppe Nicoletti, and Fabio Schiantarelli. 2005. Regulation and investment. Journal of the European Economic Association 3(4): 791-825.
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Abstract: We use newly assembled data on regulation in several sectors of many OECD countries to provide evidence that regulatory reform of product markets is associated with an increase in investment. A component of reform that plays a very important role is entry liberalization, but privatization also has a substantial effect on investment. Sensitivity analysis suggests that our results are robust.
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