NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Where does regulation hurt? Evidence from new businesses across countries

Silvia Ardagna, Annamaria Lusardi

NBER Working Paper No. 14747
Issued in February 2009

---- Acknowledgements -----

We would like to thank Mary Burke, Steve Davis, Burcu Duygan-Bump, Gita Gopinath, Leora Klapper, Josh Lerner, Norman Loyaza, Maria Luengo-Prado, Ramana Nanda, Ana Maria Oviedo, Paul Reynolds, Fabio Schiantarelli, Antoinette Schoar, Luis Serven, Luigi Zingales, and seminar participants at the Harvard Junior Faculty workshop, the Harvard Business School International Research Conference, Northeastern University, and the Federal Reserve Bank of Boston for spurring our interest on this topic, providing comments on the model, and helping with the data and the empirical work. Any errors are our responsibility. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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