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Education, Market Rigidities and Growth

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Author Info
Philippe Aghion () (Harvard University)
Philippe Askenazy () (Paris School of Economics and IZA)
Renaud Bourlès () (Université de la Méditerranée (GREQAM))
Gilbert Cette () (Banque de France (DAMEP) and Université de la Méditerranée (CEDERS))
Nicolas Dromel () (CREST-INSEE and Université Cergy-Pontoise (THEMA))

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Abstract

This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP growth. The contribution of the interaction between product market regulation and labour market rigidity seems particularly substantial.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3166.

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Length: 10 pages
Date of creation: Nov 2007
Date of revision:
Handle: RePEc:iza:izadps:dp3166

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Related research
Keywords: productivity; growth; regulations; market rigidities; education;

Other versions of this item:

Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J68 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Public Policy
L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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  1. Fève, P. & Matheron, J. & Sahuc, J-G., 2009. "Minimum Distance Estimation and Testing of DSGE Models from Structural VARs," Documents de Travail 245, Banque de France. [Downloadable!]
    Other versions:
  2. Monfort, A., 2009. "Optimal Portfolio Allocation under Asset and Surplus VaR Constraints," Documents de Travail 251, Banque de France. [Downloadable!]
  3. Mourinho Félix, Ricardo & Almeida, Vanda & Castro, Gabriela, 2008. "Improving competition in the non-tradable goods and labour markets: the Portuguese case," MPRA Paper 13945, University Library of Munich, Germany. [Downloadable!]
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