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The link between product market reform and macro-economic performance

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Author Info

  • Rachel Griffith
  • Rupert Harisson

Abstract

Value-added per capita in EU countries has lagged behind the US. This is despite widespread reforms to product markets across EU countries aimed at increasing growth. This study analyses the macro-economic impact of product market reforms undertaken in the European Union over the 1980s and 1990s by examining a large number of regulations and reforms across EU countries.

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File URL: http://ec.europa.eu/economy_finance/publications/publication652_en.pdf
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Bibliographic Info

Paper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 209.

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Length: 131 pages
Date of creation: Aug 2004
Date of revision:
Handle: RePEc:euf:ecopap:0209

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Related research

Keywords: product market; product market reforms; regulations; macro-economic performance; allocative efficiency; productive efficiency; dynamic efficiency; aggregate economy; Griffith; Harisson;

References

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  1. Jones, Charles I, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, MIT Press, vol. 110(2), pages 495-525, May.
  2. Griffith, Rachel & Redding, Stephen J & Van Reenen, John, 2000. "Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries," CEPR Discussion Papers 2457, C.E.P.R. Discussion Papers.
  3. Richard Green & Jonathan Haskel, 2004. "Seeking a Premier-League Economy The Role of Privatization," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000, pages 63-108 National Bureau of Economic Research, Inc.
  4. Ann Harrison & Ana Revenga, 1995. "The Effects of Trade Policy Reform: What Do We Really Know?," NBER Working Papers 5225, National Bureau of Economic Research, Inc.
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