Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/251943 
Autor:innen: 
Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Theoretical and Practical Research in Economic Fields [ISSN:] 2068-7710 [Volume:] XIII [Issue:] 1 (forthcoming) [Publisher:] ASERS Publishing [Place:] Craiova [Year:] 2022
Verlag: 
ASERS Publishing, Craiova
Zusammenfassung: 
We utilize a relatively standard endogenous growth model with intermediaries and research and development (R&D). We augment the setup with government regulations to study the effect of regulations on aggregate allocations. The novelty is that we endogeneize the problem of the regulator, so the number of regulations is determined within the model. Next, we solve the model and derive some comparative static results. The qualitative results confirm that more regulation leads to a lower number intermediaries, but each of those is now larger. Investment in physical capital is higher, but that comes at the expense of lower investment in R&D, lower consumption, lower output, and lower welfare. Overall, the intuition that regulation is bad for the economy is confirmed.
Schlagwörter: 
Endogenous growth model
R&D
JEL: 
E6
L5
Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)
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