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|Title:||Does reducing administrative burdens lead to economic development?: An empirical analysis for the EU.||Authors:||POEL, Kevin
VAN AARLE, Bas
|Issue Date:||2014||Source:||Annual Conference of the European Association of Law and Economics, Aix-en-Provence, France, 18/9/2014 - 20/9/2014||Abstract:||Administrative burdens stemming from regulations are a worldwide cause of concern for policy-makers. Reducing administrative burdens has become an important policy objective in economic growth strategies for many governments. The European Commission set out a policy goal of reducing administrative burdens by 25% by 2012, although the literature provides limited evidence of its impact. Therefore, this paper examines the impact of administrative burdens on growth by using 6 business regulation variables for a panel of 182 countries. The results from the fixed effect regression analysis suggest that reducing administrative burdens in certain policy areas spurs economic growth. In particular, reducing burdens concerning start-ups and paying taxes enhances growth significantly. Furthermore, using a panel of 26 European countries, our results suggest that reducing the administrative burdens by 25% has a positive effect on growth of 1.62% in the European Union.||Keywords:||administrative burdens; business regulation;e conomic growth; Lisbon Strategy; regulatory reform||Document URI:||http://hdl.handle.net/1942/17009||Category:||C2||Type:||Conference Material|
|Appears in Collections:||Research publications|
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