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Product Market Regulation And Macroeconomic Performance : A Review of Cross-Country Evidence

Author: Fabio Schiantarelli
Publisher: Washington, D.C : The World Bank, 2005.
Series: World Bank E-Library Archive
Edition/Format:   Computer file : EnglishView all editions and formats
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  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Fabio Schiantarelli
OCLC Number: 874233837
Reproduction Notes: Reproduction. s.l.
Description: 1 online resource (46 p.)
Series Title: World Bank E-Library Archive
Responsibility: Schiantarelli, Fabio.

Abstract:

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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