Product and Labor Market Regulations, Production Prices, Wages and Productivity

Gilbert Cette, Jimmy Lopez () and Jacques Mairesse

Working papers from Banque de France

Abstract: This study is to our knowledge the first attempt to infer the consequences on productivity entailed by anticompetitive regulations in product and labor markets through their impacts on production prices and wages. Results are encouraging showing that changes in production prices and wages at country*industry levels are informative about the creation of rents impeding productivity in different ways and to different extents. A simulation based on these results and on OECD regulation indicators suggests that nearly all countries, in particular European countries, could expect sizeable gains in multifactor productivity over the years from an economic policy that would be able to reform product and labor market regulation practices.

Keywords: Productivity; market imperfections; anticompetitive regulations; rents. (search for similar items in EconPapers)
JEL-codes: C23 L16 L50 O43 O47 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2014
New Economics Papers: this item is included in nep-cmp and nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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https://publications.banque-france.fr/sites/defaul ... g-paper_514_2014.pdf (application/pdf)

Related works:
Journal Article: Product and Labour Market Regulations, Production Prices, Wages and Productivity (2016)
Working Paper: Product and Labour Market Regulations, Production Prices, Wages and Productivity (2016)
Working Paper: Product and labour market regulations, production prices, wages and productivity (2015)
Working Paper: Product and Labor Market Regulations, Production Prices, Wages and Productivity (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:514

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