Sectoral Structure and Entry Regulations

Julian Messina

No 154, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, economy-wide barriers to entry hinder the development of dynamic sectors such as service industries. Moreover, higher service prices and rents in regulated economies reduce labor supply, providing a rationale for the negative association between product market regulations and the employment rate previously found in the literature. Empirical evidence presented shows that regulatory entry barriers help explaining differences in the sectoral allocation of labor across OECD countries.

Keywords: unbalanced growth; entry regulations (search for similar items in EconPapers)
JEL-codes: L5 O11 O41 (search for similar items in EconPapers)
Date: 2003-06-04
New Economics Papers: this item is included in nep-dev and nep-ind
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://repec.org/res2003/Messina.pdf full text

Related works:
Working Paper: Sectoral Structure and Entry Regulations (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecj:ac2003:154

Access Statistics for this paper

More papers in Royal Economic Society Annual Conference 2003 from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().