Skip to content Skip to navigation

K - Law and Economics

Law and Economics

JEL Code: 

Entrepreneurship, Small Businesses, and Economic Growth in Cities: An Empirical Analysis

Does entrepreneurship cause urban economic growth and if so how large is the impact? Empirical analysis of such question is hampered by endogeneity. This paper uses two different sets of variables – the homestead exemption levels in state bankruptcy laws from 1975 and the share of MSA overlaying aquifers - to instrument for entrepreneurship and examine urban growth between 1993 and 2002. Despite using different sets of instrumental variables, the ranges of 2SLS estimates are similar, further supporting the significant impact of entrepreneurship on urban growth.

Do Government Guaranteed Small Business Loans Promote Economic Growth and Entrepreneurship?

This paper examines the impact of government guaranteed small business loans on urban economic growth, and compares the growth impacts of government versus market financed entrepreneurship. OLS estimates indicate a significant and positive relation between the Small Business Administration’s guaranteed loans and metropolitan growth between 1993 and 2002. However, first-difference and instrumental variable regressions show no growth impact from government guaranteed loans. In contrast, market entrepreneurship significantly and positively contributes to local economic growth.

Dispute Resolution Mechanisms in the Telecom Sector: Relating International Practices to Indian Experience

This paper analyzes the impact of the changing telecom environment on the nature of disputes that arise in this sector. It focuses on the need to resolve disputes in an efficacious, expeditious and transparent manner to ensure unhindered growth of the telecom sector. The paper draws upon several country specific examples to show how this subject is receiving increasing attention and has in fact become a significant feature of regulatory initiative.

Does Intellectual Property Rights Reform Spur Industrial Development?

An extensive theoretical literature generates ambiguous predictions concerning the effects of intellectual property right (IPR) reform on industrial development. The impact depends on whether multinational enterprises (MNEs) expand production in reforming countries and the extent of decline in imitative activity. We examine the responses of U.S.-based MNEs and domestic industrial production to a set of intellectual property rights (IPR) reforms in the 1980s and 1990s. Following reform, MNEs expand the scale of their activities.

Gender in Times of Global Governance: Glocalizing International Norms Around Money and Power, Violence and Sex in Peru

Internationally defined gender rights are glocalized in Peru by both state and non-state actors, especially international non-governmental organizations and trade unions. Looking at four different dimensions of gender disparities shows that the more institutionalized a women’s issue is internationally, the more isomorphic it is nationally. The clear codification on the international level leads to the adoption of an identical provision on the national level without the modification of either the text or the spirit of the agreement.

Do Patent Pools Encourage Innovation? Evidence from 20 U.S. Industries Under the New Deal

Patent pools, which allow competing firms to combine their patents, have emerged as a prominent mechanism to resolve litigation when multiple firms own patents for the same technology. This paper takes advantage of a window of regulatory tolerance under the New Deal to investigate the effects of pools on innovation within 20 industries. Difference-in-differences regressions imply a 16 percent decline in patenting in response to the creation of a pool.

Understanding Tax Evasion Dynamics

Americans who are caught evading taxes in one year may be audited for prior years. While the IRS does not disclose its method of selecting tax returns for audit, it is widely believed that a taxpayer's probability of being audited is an increasing function of current evasion. Under these circumstances, a rational taxpayer's current evasion is a decreasing function of prior evasion, since, if audited and caught evading this year, the taxpayer may incur penalties for past evasions.

Antitrust in China 2006: The Problem of Incentive Compatibility

This paper reviews China’s continuing efforts to enact a competition policy (antitrust) law. We focus on three issues: (1) What is the substance of the proposed law, and how does it differ from existing antitrust law in other countries, (2) How will the law be implemented or enforced, and how will those who must implement this law interpret their mandate, and (3) What will be the likely effects of this law given China’s unique history and cultural heritage. We emphasize China’s economic, legal and regulatory contexts in which an antitrust law may be enforced.


Subscribe to RSS - K - Law and Economics