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Publicação
The macroeconomic effects of legal- simplification programmes
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Autores
Orientador(es)
Resumo(s)
Legal simplification may improve the quality of institutions in industrialised countries that developed over-complex legal systems. In theory, this type of regulatory reform promotes economic efficiency, leading to higher levels of productivity and output. In this paper we use a Panel Factor-Augmented VAR approach to measure the long-run impact of legal-simplification programmes in total factor productivity. We identify shocks using data on regulatory quality and
exploring qualitative information publicly available. The estimated long-run impact on total factor productivity of a typical programme is significant and about 0.6 per cent.
Descrição
Palavras-chave
Legal Simplification Regulatory Reform FAVAR Productivity
Contexto Educativo
Citação
Costa, Luís F e Miguel St. Aubyn. (2012). "The macroeconomic effects of legal- simplification programmes". Instituto Superior de Economia e Gestão - DE Working papers nº 12-2012/DE/UECE
Editora
ISEG - Departamento de Economia