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

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  • Fabio Schiantarelli

    ()
    (Boston College)

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.

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Bibliographic Info

Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 623.

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Length: 46 pages
Date of creation: 28 Sep 2005
Date of revision: 04 Aug 2008
Handle: RePEc:boc:bocoec:623

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Keywords: Regulation; Product Market; Performance; Productivity; Innovation; Growth;

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References

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