Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/33416 
Year of Publication: 
2005
Series/Report no.: 
IZA Discussion Papers No. 1791
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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

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