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.

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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