Structural Reforms and Growth: Product and Labor Market Deregulations

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Structural Reforms and Growth: Product and Labor Market Deregulations

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Eijffinger, Sylvester C W
Rossi, Alberto

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Sylvester Eijffinger

Abstract

The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we take two cornerstone theoretical models: one developed by Robert Gordon (1997), the other developed by Blanchard and Giavazzi (2003) and we observe how well their theoretical predictions are supported by hard data. We conclude with an independent study on the accuracy of the IMD competitiveness index in predicting the overall economic performance of countries close to the technological frontier.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5988.

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Date of creation: Dec 2006
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Handle: RePEc:cpr:ceprdp:5988

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Paper
- Eijffinger, Sylvester C.W. & Rossi, Alberto G.P., 2006. "Structural reforms and growth : product and labor market deregulations," Discussion Paper 112, Tilburg University, Center for Economic Research. [Downloadable!]

Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-01-02 (All new papers)
NEP-CSE-2007-01-02 (Economics of Strategic Management)
NEP-MAC-2007-01-02 (Macroeconomics)
NEP-REG-2007-01-02 (Regulation)

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