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: +0.2% Q4 2019
Consumer price inflation: 2.3% January 2020
Trade (G20): -0.1% exp, -1.3% imp, Q4 2019
Unemployment: 5.1% January 2020
Last update: 11 March 2020

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