Franco, FrancescoSilva, Vasco Queirós Santos Bustorff2023-05-122023-05-122022-10-042022-10-04http://hdl.handle.net/10362/152705As societies require more and better monitoring of public spending, heavier bureaucratic mechanisms are put into place which can create delays and unnecessary costs. At the same time technology and firms evolve at a fast pace. The clash between these two realities means that with time, if the bureaucratic model is not rethought it will end up limiting economic growth. To reform these mechanisms, it is important to first understand the extent of their impact on firms. The findings show small evidence that red-tape does affect firms performance.engRegulationEfficiencyPublic administrationBureaucracyDifference in differencesmaster thesis203222695