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| Title: | | Product market regulation and macroeconomic performance: a review of cross country evidence  |
| Authors: | | Schiantarelli, Fabio |
| Issue Date: | | 2005 |
| Series/Report no.: | | IZA Discussion Papers 1791 |
| 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 effect 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 effect of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output growth. A summary of what we learn from the econometric results concludes the paper. |
| Subjects: | | regulation product market performance productivity innovation growth |
| JEL: | | D24 K20 L10 L51 O31 O40 O57 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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