Regulation Productivity And Growth
DOWNLOAD
FREE 30 Days
Download Regulation Productivity And Growth PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Regulation Productivity And Growth book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Regulation Productivity And Growth
DOWNLOAD
FREE 30 Days
Author : Giuseppe Nicoletti
language : en
Publisher: World Bank Publications
Release Date : 2003
Regulation Productivity And Growth written by Giuseppe Nicoletti and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Antitrust law categories.
In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth linkage using data that cover a large set of manufacturing and service industries over the past two decades. We focus on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ...
Regulation Productivity And Growth
DOWNLOAD
FREE 30 Days
Author : Stefano Scarpetta
language : en
Publisher:
Release Date : 2004
Regulation Productivity And Growth written by Stefano Scarpetta and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Nicoletti and Scarpetta look at differences in the scope and depth of pro-competitive regulatory reforms and privatization policies as a possible source of cross-country dispersion in growth outcomes. They suggest that, despite extensive liberalization and privatization in the OECD area, the cross-country variation of regulatory settings has increased in recent years, lining up with the increasing dispersion in growth. The authors then investigate empirically the regulation-growth link using data that cover a large set of manufacturing and service industries in OECD countries over the past two decades and focusing on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. Regressing MFP on both economywide indicators of regulation and privatization and industry-level indicators of entry liberalization, the authors find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. In manufacturing the gains to be expected from lower entry barriers are greater the further a given country is from the technology leader. So, regulation limiting entry may hinder the adoption of existing technologies, possibly by reducing competitive pressures, technology spillovers, or the entry of new high-technology firms. At the same time, both privatization and entry liberalization are estimated to have a positive impact on productivity in all sectors. These results offer an interpretation to the observed recent differences in growth patterns across OECD countries, in particular between large continental European economies and the United States. Strict product market regulations - and lack of regulatory reforms - are likely to underlie the relatively poorer productivity performance of some European countries, especially in those industries where Europe has accumulated a technology gap (such as information and communication technology-related industries). These results also offer useful insights for non-OECD countries. In particular, they point to the potential benefits of regulatory reforms and privatization, especially in those countries with large technology gaps and strict regulatory settings that curb incentives to adopt new technologies. This paper - a product of the Social Protection Team, Human Development Network - is part of a larger effort in the network to understand what drives productivity growth.
Business Regulation And Economic Performance
DOWNLOAD
FREE 30 Days
Author : Norman V. Loayza
language : en
Publisher: World Bank Publications
Release Date : 2010-01-11
Business Regulation And Economic Performance written by Norman V. Loayza and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-11 with Business & Economics categories.
The Schumpeterian process of 'creative destruction' is an essential ingredient of a dynamic economy. In many countries around the world, however, this process is weakened by pervasive regulation of product and factor markets. This book documents the regulatory obstacles faced by firms, particularly in developing countries, and assesses their implications for firm renewal and macroeconomic performance. Combining a variety of methodological approaches--analytical and empirical, micro and macroeconomic, single- and cross-country-- the book provides evidence that streamlining the regulatory framework would have a significant social pay-off, particularly in developing countries that are also burdened by weak governance. The book's chapters trace out analytically and empirically the links between microeconomic policies and distortions, on the one hand, and aggregate performance in terms of productivity, growth and volatility, on the other. The volume adds to a novel but increasingly influential literature that seeks to understand macroeconomic phenomena from a microeconomic perspective, and derive the relevant lessons for development policy. Such literature is still fairly scarce in the case of industrial countries, and virtually in its infancy for developing countries.
Environmental And Health Safety Regulations Productivity Growth And Economic Performance
DOWNLOAD
FREE 30 Days
Author : Gregory Christainsen
language : en
Publisher:
Release Date : 1980
Environmental And Health Safety Regulations Productivity Growth And Economic Performance written by Gregory Christainsen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Environmental law categories.
Product Market Regulation And Macroeconomic Performance
DOWNLOAD
FREE 30 Days
Author : Fabio Schiantarelli
language : en
Publisher: World Bank Publications
Release Date : 2005
Product Market Regulation And Macroeconomic Performance written by Fabio Schiantarelli and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Competition categories.
"The main purpose of this paper is to provide a critical overview of the recent empirical contributions that use cross-country data to study the effects of product market regulation and reform on a country's macroeconomic performance. After a brief review of the theoretical literature and of relevant micro-econometric evidence, the paper discusses the main data and methodological issues related to empirical work on this topic. It then critically evaluates the cross-country evidence on the effects of product market regulation on mark-ups, firm dynamics, investment, employment, innovation, productivity, and output growth. The paper concludes with a summary of lessons learned from the econometric results." -- Cover verso.
The Impact Of Product Market Reforms On Firm Productivity In Italy
DOWNLOAD
FREE 30 Days
Author : Mr.Sergi Lanau
language : en
Publisher: International Monetary Fund
Release Date : 2016-06-15
The Impact Of Product Market Reforms On Firm Productivity In Italy written by Mr.Sergi Lanau and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-15 with Business & Economics categories.
This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity. Using firm-level data from Italy during 2003–13 and OECD measures of product market regulation, we estimate the effect of deregulation in network sectors on value added and productivity of firms in these sectors, as well as firms using these intermediates in their production processes. We find evidence of a significant positive impact. These effects are more pronounced in Italian provinces with more efficient public administration, underscoring the complementarities of advancing public administration and product market reforms simultaneously.
Why Labour Market Regulation May Pay Off
DOWNLOAD
FREE 30 Days
Author : Servaas Storm
language : en
Publisher:
Release Date : 2007
Why Labour Market Regulation May Pay Off written by Servaas Storm and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Focuses on the extent of labour market regulation and argues (providing empirical evidence) that aggregate labour productivity growth is higher in economies having a "rigid" (i.e. more regulated and co-ordinated) labour market than in economies with flexible labour markets.
Economic Regulation And Its Reform
DOWNLOAD
FREE 30 Days
Author : Nancy L. Rose
language : en
Publisher: University of Chicago Press
Release Date : 2014-08-29
Economic Regulation And Its Reform written by Nancy L. Rose and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-29 with Business & Economics categories.
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Product Market Regulation And Macroeconomic Performance
DOWNLOAD
FREE 30 Days
Author : Fabio Schiantarelli
language : en
Publisher:
Release Date : 2012
Product Market Regulation And Macroeconomic Performance written by Fabio Schiantarelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The main purpose of this paper is to provide a critical overview of the recent empirical contributions that use cross-country data to study the effects of product market regulation and reform on a country's macroeconomic performance. After a brief review of the theoretical literature and of relevant micro-econometric evidence, the paper discusses the main data and methodological issues related to empirical work on this topic. It then critically evaluates the cross-country evidence on the effects of product market regulation on mark-ups, firm dynamics, investment, employment, innovation, productivity, and output growth. The paper concludes with a summary of lessons learned from the econometric results.
Oecd Compendium Of Productivity Indicators 2019
DOWNLOAD
FREE 30 Days
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2019-04-29
Oecd Compendium Of Productivity Indicators 2019 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-29 with categories.
This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries.