Description:
The objective of this volume is to
document the patterns of business regulation across the
world and review their impact on aggregate economic
performance. The volume adopts a comparative cross-regional
perspective, with particular attention to Latin America. The
research reported here focuses on establishing the
analytical and empirical links between microeconomic
regulatory policies on the one hand, and aggregate
productivity, growth, and volatility on the other. Thus, the
volume adds to a novel but increasingly influential line of
policy-relevant research that seeks to understand
macroeconomic phenomena from a microeconomic perspective.
Such literature is still fairly scarce in the case of
industrial countries, and virtually in its infancy for
developing countries. To achieve this end, the volume
combines a variety of methodological approaches-analytical
and empirical, micro and macroeconomic, single- and
cross-country-to an extent limited mainly by the
availability of suitable data. Following this overview, the
volume comprises six chapters that address the subject from
different but complementary perspectives, providing a
comprehensive exploration of the various channels through
which business regulation affects growth, stability, and
other key macroeconomic dimensions.