Business Intelligence

Deregulation, Economic Growth And Growth Acceleration

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Executive Summary

The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in more than 70 economies over a period of 30 years. It addresses both the issues of reform measurement and its endogeneity. Specifically, by combining a difference-in-difference strategy with an IV approach to the endogeneity of the reform timing, this paper finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the ones of the late reformers.

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