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Title:Product market regulation and macroeconomic performance: a review of cross country evidence PDF Logo
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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