Thomas M. Fullerton, Jr., Marycruz De Leon, Brian W. Kelley
Many studies indicate that excessive regulatory burdens can hamper national economic performances. In spite of that, there are relatively few empirical estimates of the potential income gains that may accrue to countries that deregulate their business sectors. This paper partially fills that gap in the literature by using World Bank data to estimate the relationships between various measures of national regulatory burdens and per capita incomes. Potential impacts of deregulation and greater transparency on income performance are also estimated for the various countries in the sample. Results indicate
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