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- W2904134879 abstract "This paper examines the disparate impact of US federal regulations on small businesses. In the context of a two-sector dynamic general equilibrium macroeconomic model, we obtain three empirically testable implications of higher regulation: 1) the total number of small firms is reduced, 2) the employment share of small firms shrinks, and 3) small firms’ share of total output declines. Since the first of these testable hypotheses has already been confirmed in previous studies, we focus our attention on the latter two, and find strong empirical support for both. Specifically, we estimate that a ten percent increase in federal regulations reduces the employment share of small firms by nearly 0.7%, and an equally large increase in federal regulations decreases the output share of small firms by nearly 1.5%." @default.
- W2904134879 created "2018-12-22" @default.
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- W2904134879 date "2018-01-01" @default.
- W2904134879 modified "2023-09-27" @default.
- W2904134879 title "Employment and Output Effects of Federal Regulations on Small Business" @default.
- W2904134879 hasPublicationYear "2018" @default.
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