O Intermitente<br> (So long, farewell, auf weidersehen, good-bye)

O Intermitente
(So long, farewell, auf weidersehen, good-bye)

segunda-feira, março 29, 2004

Barreiras à Entrada

Um estudo do Banco Mundial analisou os custos e os efeitos da regulação económica na entrada de novas empresas. Eis a conclusão:

An analysis of the regulation of entry in 85 countries shows that, even aside from the costs associated with corruption and bureaucratic delay, business entry is extremely expensive, especially in the countries outside the top quartile of the income distribution. We find that heavier regulation of entry is generally associated with greater corruption and a larger unofficial economy, but not with better quality of private or public goods. We also find that the countries with less limited, less democratic, and more interventionist governments regulate entry more heavily, even controlling for the level of economic development.

This evidence is difficult to reconcile with public interest theories of regulation but supports the public choice approach, especially the tollbooth theory that emphasizes rent extraction by politicians [McChesney 1987, Shleifer and Vishny 1993]. Entry is regulated more heavily by less democratic governments, and such regulation does not yield visible social benefits. The principal beneficiaries appear to be the politicians and bureaucrats themselves.

posted by Miguel Noronha 4:39 da tarde

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"A society that does not recognize that each individual has values of his own which he is entitled to follow can have no respect for the dignity of the individual and cannot really know freedom."

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