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The impact of structural reform on rent creation, rent sharing and productivity
[Euro : Réformes structurelles, création et partage des rentes et productivité]

Author

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  • Gilbert Cette
  • Jimmy Lopez
  • Jacques Mairesse

Abstract

The positive effect on productivity of reducing product market regulation and employment protection legislation has been extensively documented and analysed, leading to many structural reforms in OECD countries. On the basis of new measures of rent creation and rent sharing, we show that further product market deregulation could substantially increase productivity, notably in France and Italy. L’effet positif sur la productivité d’une réduction des régulations sur le marché des biens et de la législation protectrice de l’emploi explique les nombreuses réformes structurelles dans les pays de l'OCDE. De nouvelles évaluations de la création et du partage des rentes montrent qu’une nouvelle déréglementation du marché des biens pourrait accroître substantiellement la productivité en France et en Italie.

Suggested Citation

  • Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2019. "The impact of structural reform on rent creation, rent sharing and productivity [Euro : Réformes structurelles, création et partage des rentes et productivité]," Eco Notepad (in progress) 110, Banque de France.
    • Handle: RePEc:bfr:econot:110
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