| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP4392
|
| DP4392 Subadditivity Tests for Network Separation with an Application to US Railroads |
| Marc Ivaldi; Gerard McCullough
|
| 发表日期 | 2004-05-23
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have high entry. Also, value-added per employee in naturally ?high entry? industries grows more slowly in countries with onerous regulations on entry. Interestingly, regulatory entry barriers have no adverse effect on entry in corrupt countries, only in less corrupt ones. Taken together, the evidence suggests bureaucratic entry regulations are neither benign nor welfare improving. Not all regulations inhibit entry, however. In particular, regulations that enhance the enforcement of intellectual property rights or those that lead to a better developed financial sector do lead to greater entry in industries that do more R&D or industries that need more external finance. |
| 主题 | Financial Economics
|
| 关键词 | Business entry
Regulation
|
| URL | https://cepr.org/publications/dp4392
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533346
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推荐引用方式
GB/T 7714 |
Marc Ivaldi,Gerard McCullough. DP4392 Subadditivity Tests for Network Separation with an Application to US Railroads. 2004.
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