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

Fabio Schiantarelli

No 1791, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: regulation; product market; performance; productivity; innovation; growth (search for similar items in EconPapers)
JEL-codes: D24 K20 L10 L51 O31 O40 O57 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2005-10
New Economics Papers: this item is included in nep-com and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Published - published in: N. Loayza and L. Serven (eds): The Microeconomic Underpinning of Growth, The World Bank, 2010

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Related works:
Working Paper: Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence (2008)
Working Paper: Product market regulation and macroeconomic performance: a review of cross-country evidence (2005)
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