Credit Market Regulation and Labor Market Performance Around the World
利用74个国家2000-2003年数据，研究发现反竞争的信贷市场监管会轻微降低就业率、提高失业率，尤其影响年轻人。
SUMMARY Using data from 74 industrial, developing and transition countries for the years 2000 to 2003, this paper empirically analyzes whether and to what extent credit market regulations affect the performance of the labor market. According to the regression results, anti‐competitive credit market regulations have an adverse, though generally modest, impact on the labor market. Specifically, restrictions on credit extended to the private sector, on the private ownership of banks, on competition from foreign banks, and on the free determination of interest rates appear to lower the level of employment and increase unemployment, particularly among young people.