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

Fabio Schiantarelli

No 623, Boston College Working Papers in Economics from Boston College Department of Economics

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 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: 46 pages
Date: 2005-09-28, Revised 2008-08-04
New Economics Papers: this item is included in nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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