Writen by Emmanuel. F. Esguerra -School of Economics, University of the Philippines and Kristine laura. S. Canales Asian Development Bank In recent years these policies and regulations have been criticized for being either too restrictive, as to limit the growth of employment opportunities, or too lenient, as to expose workers to various sources of employment and income risk. Naturally the reco...

We built an artificial market model and compared effects of price variation limits, short selling regulations and up-tick rules. In the case without the regulations, the price fell to below a fundamental value when an economic crush occurred. On the other hand, in the case with the regulations, this overshooting did not occur. However, the short selling regulation and the up-tick rule caused th...

Recent scholarship on regulatory oversight has focused on cost-benefit analysis of prescriptive regulations--regulations that restrict behavior such as pollution--and their use to cure market failures, and has overlooked the vast number of transfer regulations. Transfer regulations are regulations that channel funds to beneficiaries. These regulations are authorized by statutes that establish e...

Despite decades of research on social capital, studies that explore the relationship between political institutions and generalized trust-a key element of social capital-across time are sparse. To address this issue, we use various cross-national public-opinion data sets including the World Values Survey and employ pooled time-series OLS regression and fixed- and random-effects estimation techn...

This paper examines the possibilities of developing agri-environmental policy measures in Israel, focusing on market-oriented instruments. A conceptual framework for developing agri-environmental policy measures is presented, first in very broad lines (mandatory regulations, economic instruments and advisory measures) and subsequently focusing on economic instruments, and specifically, on marke...

Air emissions from the U.S. pulp and paper sector have been federally regulated since 1978; however, regulations are periodically reviewed and revised to improve efficiency and effectiveness of existing emission standards. The Industrial Sectors Integrated Solutions (ISIS) model for the pulp and paper sector is currently under development at the U.S. Environmental Protection Agency (EPA), and c...

PURPOSE Changes in the Swedish sickness insurance system shifts focus from return-to-work to labour market reintegration. This article analyses Swedish rehabilitation professionals' perspectives on how the changed regulations affect practice, with a special focus on work ability assessments. METHODS Two groups of representatives (n = 15) from organizations involved in rehabilitation and retur...

The effect of local land use regulations on housing markets has been the subject of extensive research and discussion among both urban economists and policymakers. However, very few studies distinguish between the effects on owner-occupied and rental housing. Since most lowand moderate-income families are renters, the effects of regulation on the rental market will have important implications f...

This paper investigates the impact of government regulation on fi rms in general, and SMMEs in particular, using four independent cross-sectional surveys. It specifi cally examines: labour regulations and their relationship with employment and investment; trade regulations; permits and licences for businesses; visa regulations; the predictability of regulatory application; and the costs of regu...