Product market regulation and macroeconomic performance: a review of cross-country evidence

Fabio Schiantarelli

No 3770, Policy Research Working Paper Series from The World Bank

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 effects 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 effects of product market regulation on mark-ups, firm dynamics, investment, employment, innovation, productivity, and output growth. The paper concludes with a summary of lessons learned from the econometric results.

Keywords: Economic Theory&Research; Labor Markets; Inequality; Infrastructure Regulation; Markets and Market Access (search for similar items in EconPapers)
Date: 2005-11-01
New Economics Papers: this item is included in nep-mac and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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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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