Regulation, Scale, and Growth: Evidence from the United States and India - Dissertation Executive Summary
Ewing Marion Kauffman Foundation Research Paper
11 Pages Posted: 20 Sep 2013
Date Written: September 1, 2012
Abstract
This dissertation offers insight into the effect of regulation on various aspects of growth and development. Exploiting plausibly exogenous variation generated by deregulatory events, I assess firms’ response to the lifting of size restrictions. In Chapter One, I show that bank branching deregulation increased mortgage lending and home ownership, especially among marginal groups. In Chapter Two, I find that the dismantling of an Indian business regulation constraining investment leads to an increase in firm size, output and productivity.
Keywords: natural experiment, difference-in-differences, home ownership, productivity, mis-allocation
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