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http://hdl.handle.net/1942/17009
Title: | Does reducing administrative burdens lead to economic development?: An empirical analysis for the EU. | Authors: | POEL, Kevin MARNEFFE, Wim BIELEN, Samantha VAN AARLE, Bas VEREECK, Lode |
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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