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

Gilbert Cette, Jimmy Lopez () and Jacques Mairesse

No 20563, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression equation on an industry*country panel, with controls for country*industry and country*year fixed effects, show that multi-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted average of industrial prices from other industries, and by indicators of country wages weighted by industry labour shares for low and high skilled workers. In a second stage, an economic policy simulation of the implications these results on the basis of their calibration by the OECD product and labour market anti-competitive regulation indicators suggests that nearly all countries could expect sizeable gains in multifactor productivity from deregulation reforms.

JEL-codes: C23 L16 L50 O43 O47 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-eff and nep-tid
Note: PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Published as Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2016. "Product and Labour Market Regulations, Production Prices, Wages and Productivity," Review of Economics and Institutions, Università di Perugia, vol. 7(2).

Downloads: (external link)
http://www.nber.org/papers/w20563.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)
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:nbr:nberwo:20563

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w20563

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().