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

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Author Info
Fabio Schiantarelli () (Boston College and IZA Bonn)

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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 brief 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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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1791.

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Length: 48 pages
Date of creation: Oct 2005
Date of revision:
Handle: RePEc:iza:izadps:dp1791

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Related research
Keywords: regulation product market performance productivity innovation growth

Other versions of this item:

Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
K20 - Law and Economics - - Regulation and Business Law - - - General
L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Andrea Bassanini & Giorgio Brunello, 2007. "Barriers to Entry, Deregulation and Workplace Training," IZA Discussion Papers 2746, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Giuseppe Fiori & Giuseppe Nicoletti & Stefano Scarpetta & Fabio Schiantarelli, 2007. "Employment Outcomes and the Interaction Between Product and Labor Market Deregulation: Are They Substitutes or Complements?," IZA Discussion Papers 2770, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  3. Paolo Epifani & Gino Gancia, 2007. "Procompetitive Losses from Trade," Economics Working Papers 1037, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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