Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/200937
Authors: 
Kim, Jungwook
Year of Publication: 
2016
Series/Report no.: 
KDI Policy Study 2016-01
Abstract: 
This paper adapts the World Bank Regulatory Quality Index (RQI) which is produced annually to have better understandings on effects of regulatory reforms, instead of the Production Market Regulation (PMR) indicators published every 5 years. Firstly, this analysis indicates that GDP per capita will be raised by 17~29.8% when the index increases by one unit. Secondly, we find that 9.9 to 32.2 billion USD worth of regulatory cost could be reduced, if the regulatory quality in Korea improves to the level of the OECD average considering that the total burden of regulation in Korea is estimated 2.2 to 354.7 billion USD. The estimate of regulatory cost reduction takes roughly 0.76 to 2.47% of Korea's GDP in 2013, underscoring the importance of regulatory reforms for the Korean economy.
Persistent Identifier of the first edition: 
ISBN: 
979-11-5932-199-3
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.