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Product market regulation and productivity convergence

Author

Listed:
  • Paul Conway
  • Donato de Rosa
  • Giuseppe Nicoletti
  • Faye Steiner

Abstract

Product market regulation in the OECD area has generally become less restrictive of competition over recent years. This has lead to a degree of convergence in regulatory policies, but nonetheless, the productivity performance of OECD countries has become increasingly disparate. Indeed, according to some measures, the growth rates and levels of labour productivity have recently begun to diverge. Recent developments in the theory and empirics of growth suggest that cross-country productivity patterns may partly reflect differences in the policy and institutional environment (Acemoglu et al., 2004; Aghion and Griffith, 2005; Nicoletti and Scarpetta, 2003).

Suggested Citation

  • Paul Conway & Donato de Rosa & Giuseppe Nicoletti & Faye Steiner, 2007. "Product market regulation and productivity convergence," OECD Economic Studies, OECD Publishing, vol. 2006(2), pages 39-76.
  • Handle: RePEc:oec:ecokaa:5l4jgl6w60d6
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    File URL: http://dx.doi.org/10.1787/eco_studies-v2006-art9-en
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    Citations

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    Cited by:

    1. Renaud Bourlès & Gilbert Cette & Jimmy Lopez & Jacques Mairesse & Giuseppe Nicoletti, 2013. "Do Product Market Regulations In Upstream Sectors Curb Productivity Growth? Panel Data Evidence For OECD Countries," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1750-1768, December.
    2. Paul Conway & Sean Dougherty & Artur Radziwill, 2010. "Long-term growth and policy challenges in the large emerging economies," OECD Economics Department Working Papers 755, OECD Publishing.
    3. Sarra Ben Yahmed & Sean Dougherty, 2012. "Import Competition, Domestic Regulation and Firm-Level Productivity Growth in the OECD," OECD Economics Department Working Papers 980, OECD Publishing.
    4. Kevin J. Fox & Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2017. "Upstream Product Market Regulations, ICT, R&D and Productivity," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 68-89, February.
    5. Hjortsoe, Ida & Weale, Martin & Wieladek, Tomasz, 2016. "Monetary Policy and the Current Account: Theory and Evidence," CEPR Discussion Papers 11204, C.E.P.R. Discussion Papers.
    6. Silberberger, Magdalene & Königer, Jens, 2016. "Regulation, trade and economic growth," Economic Systems, Elsevier, vol. 40(2), pages 308-322.
    7. David Sondermann, 2014. "Productivity in the euro area: any evidence of convergence?," Empirical Economics, Springer, vol. 47(3), pages 999-1027, November.
    8. repec:ces:ifodic:v:8:y:2010:i:3:p:14566919 is not listed on IDEAS
    9. Dan Andrews & Chiara Criscuolo & Peter Gal & Carlo Menon, 2015. "Firm Dynamics and Public Policy: Evidence from OECD Countries," RBA Annual Conference Volume,in: Angus Moore & John Simon (ed.), Small Business Conditions and Finance Reserve Bank of Australia.
    10. Conway, P. & Lysenko, T. & Barnard, G., 2011. "Product Market Regulation in Russia," Journal of the New Economic Association, New Economic Association, issue 10, pages 95-124.
    11. Papaioannou, Sotiris K., 2017. "Regulations and productivity: Long run effects and nonlinear influences," Economic Modelling, Elsevier, vol. 60(C), pages 244-252.
    12. Ángel Estrada, 2009. "The mark-ups in the Spanish economy: international comparison and recent evolution," Working Papers 0905, Banco de España;Working Papers Homepage.
    13. Wulong Gu & Amélie Lafrance, 2010. "Productivity Growth in Canadian and U.S. Regulated Industries," International Productivity Monitor, Centre for the Study of Living Standards, vol. 19, pages 50-65, Spring.
    14. Wieladek, Tomasz, 2016. "The varying coefficient Bayesian panel VAR model," Bank of England working papers 578, Bank of England.
    15. Dall'Olio, Andrea & Iootty, Mariana & Kanehira, Naoto & Saliola, Federica, 2013. "Productivity growth in Europe," Policy Research Working Paper Series 6425, The World Bank.
    16. Dall'Olio, Andrea & Iootty, Mariana & Kanehira, Naoto & Saliola, Federica, 2014. "Enterprise productivity: a three-speed Europe," Working Paper Series 1748, European Central Bank.
    17. De Rosa, Donato & Iootty, Mariana & Pirlea, Florina & Aprahamian, Arabela & Stanescu, Alexandru, 2013. "Product market policies in Romania : a comparison with EU partners," Policy Research Working Paper Series 6698, The World Bank.
    18. Sander Wennekers & al et, 2014. "Entrepreneurship in the Netherlands - The Top sectors," Scales Research Reports A201417, EIM Business and Policy Research.
    19. Renaud Bourlès & Gilbert Cette & Jimmy Lopez & Jaques Mairesse & Giuseppe Nicoletti, 2010. "The Impact on Growth of Easing Regulation in Upstream Sectors," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(3), pages 8-12, October.
    20. Alessandro Saia & Dan Andrews & Silvia Albrizio, 2015. "Productivity Spillovers from the Global Frontier and Public Policy: Industry-Level Evidence," OECD Economics Department Working Papers 1238, OECD Publishing.
    21. Romain Bouis & Romain Duval, 2011. "Raising Potential Growth After the Crisis: A Quantitative Assessment of the Potential Gains from Various Structural Reforms in the OECD Area and Beyond," OECD Economics Department Working Papers 835, OECD Publishing.
    22. Dan Andrews & Chiara Criscuolo, 2013. "Knowledge-Based Capital, Innovation and Resource Allocation," OECD Economics Department Working Papers 1046, OECD Publishing.

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