Subjective and Objective Measures of the Extent of Governmental Regulations
25 Pages Posted: 2 Oct 2001
Date Written: September 26, 2001
In recent years three different quantitative studies measuring the extent of regulation in OECD nations have appeared. One analysis is based on an extensive review and quantification of laws and regulations; the other two are based on opinion data of those familiar with these regulations. Despite their very different methodologies and coverage of particular types of governmental regulation, the results of the three studies are significantly correlated, even though they differ in detail. The advantages and disadvantages of each of the three approaches are discussed.
Keywords: government regulation, quantitative methods
JEL Classification: L50, P11, P14, P52
Suggested Citation: Suggested Citation