Three Essays on Regulation and Economic Growth
Date
2017
Authors
Broughel, James
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Abstract
This dissertation explores the relationship between government-issued regulations and economic growth. The first essay surveys the models of economic growth most commonly used by economists to produce a theoretical framework for understanding the growth impacts of regulations. Beginning from a technology-augmented Solow model, a system is presented for classifying economic growth impacts, and the channels by which regulations enter the economic system are described. Next, a more comprehensive set of economic growth models is surveyed, with the role of regulation highlighted in each model. The essay concludes by discussing some remaining unsolved puzzles in growth theory, including the role of institutions and population as contributors to economic growth.
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Keywords
Economics, Economic growth, Regulation