Product Market Regulation And Macroeconomic Performance : a Review of Cross-Country Evidence / Schiantarelli, Fabio.
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 rel...
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Full Text (via Open Knowledge Repository) |
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| Other title: | World Bank e-Library. |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
The World Bank,
2005.
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| Series: | Policy research working papers.
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| Summary: | 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. |
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| Physical Description: | 1 online resource (46 pages) |
| Bibliography: | Includes bibliographical references (pages 42-46). |