File2-page32 - Can Labor Regulation Hinder Economic...

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Regulation and Development 3. Post 2000 emerging consensus: with emphasis on the following a) governance and accountability ... how policies are formulated and implemented is important b) political economy ... ensuring that preferences of citizens reFected in policy c) institutional change . .. working with the “rules of the game” ... taking into account economics, law, culture and politics d) microeconomics of growth ... focus on property rights ... engendering productivity and innovation ... expansion of productive opportunities These changes reFected in changing thinking on the role of state and specif- ically the role of regulation in engendering economic prosperity
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Unformatted text preview: Can Labor Regulation Hinder Economic Performance? Evidence from In-dia Question: Is a strong link between regulation and economic performance? Indian states have pursued different regulatory paths and have had very different economic performance ⇒ both time-series and cross-sectional variation in regulation- labour regulations of interest in the paper that the paper looks at affects a particular sector, i.e., registered manufacturing.- it does not affect ±rms below a certain size- performance in the manufacturing sector is central to economic growth and poverty reduction Asian countries that have grown rapidly from a low base Development Economics, LSE Summer School 2007 29...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.

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