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dc.contributor.authorValkonen, Lauraen_US
dc.date.accessioned2012-09-21T11:29:19Z-
dc.date.available2012-09-21T11:29:19Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/63963-
dc.description.abstractThis study examines how deregulation affects product market competition and thereby productivity. Productivity grows when firms ameliorate their performance, which they will be unwilling to do in the absence of competition. It obliges firms to renounce high rents and cut costs, which increases static efficiency. However, static efficiency boosts productivity only temporarily. Long-term gains are derived from dynamic efficiency, which competition promotes in two ways. First, it increases incentives to innovate, and secondly, it accelerates creative destruction. Since regulations impede the free entry of rivals, they ensure firms a quiet life. Deregulation has therefore great potential to boost productivity growth. This study describes the process of regulatory reform in Finland. In addition to a country-level analysis, deregulation and its consequences are examined in service station and restaurant industries, which have experienced extensive reforms. The purpose was to see whether deregulation has induced external restructuring in these sectors. The results give some indication of external restructuring in both industries.en_US
dc.language.isoengen_US
dc.publisherThe Research Institute of the Finnish Economy (ETLA) Helsinkien_US
dc.relation.ispartofseriesETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1014en_US
dc.subject.jelL51en_US
dc.subject.jelD21en_US
dc.subject.jelO30en_US
dc.subject.jelK23en_US
dc.subject.jelL80en_US
dc.subject.ddc330en_US
dc.subject.keywordderegulation, competition, productivity, entryen_US
dc.subject.stwWettbewerbspolitiken_US
dc.subject.stwDeregulierungen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwProduktivit├Ąten_US
dc.subject.stwFinnlanden_US
dc.titleDeregulation as a means to increase competition and productivity: Some Finnish experiencesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn511902654en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

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