TY  - JOUR
AU  - Alesina,Alberto
AU  - Ardagna,Silvia
AU  - Nicoletti,Giuseppe
AU  - Schiantarelli,Fabio
TI  - Regulation and Investment
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9560
PY  - 2003
Y2  - March 2003
UR  - http://www.nber.org/papers/w9560
L1  - http://www.nber.org/papers/w9560.pdf
N1  - Author contact info:
Alberto F. Alesina
Department of Economics
Harvard University
Littauer Center 210
Cambridge, MA 02138
Tel: 617/495-8388
Fax: 617/495-7730
E-Mail: aalesina@harvard.edu

Silvia Ardagna
Senior Economist
BofA Merrill Lynch
2 King Edward Street
London EC1A 1HQ
Tel: +44 20 79961512
E-Mail: silvia.ardagna@baml.com

Giuseppe Nicoletti
OECD Economics Department
2 rue André Pascal
75775 Paris CEDEX 16
FRANCE
E-Mail: Giuseppe.nicoletti@oecd.org

Fabio Schiantarelli
Department of Economics
Boston College
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tel: 617-5524512
Fax: 617-5522308
E-Mail: schianta@bc.edu
AB  - One commonly held view about the difference between continental European countries and other OECD economies, especially the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the product market, concerning in particular entry barriers, are negatively related to investment. The implications of our analysis are clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment.
ER  -