How Regulatory Change Affects the Economy
Observer 206, June/July 1997
The costs of regulatory reform – not least job losses and the disappearance of familiar institutions, in both the public and private sectors – are visible and immediate. The benefits – expanding markets, increased entrepreneurial innovation, economic growth, higher standards of living, cheaper goods and services – can take some time to appear and are sometimes difficult to quantify. The OECD has attempted to measure the
effects on the economy as a whole from deregulation in individual sectors.To read the full article, download the PDF file below.