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Education, Market Rigidities and Growth

Author

Listed:
  • Aghion, Philippe

    (Birkbeck College, University of London)

  • Askenazy, Philippe

    (CNRS)

  • Bourlès, Renaud

    (GREQAM, University of Aix-Marseille II)

  • Cette, Gilbert

    (Bank of France)

  • Dromel, Nicolas

    (University of Paris 1 Panthéon-Sorbonne)

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.

Suggested Citation

  • Aghion, Philippe & Askenazy, Philippe & Bourlès, Renaud & Cette, Gilbert & Dromel, Nicolas, 2007. "Education, Market Rigidities and Growth," IZA Discussion Papers 3166, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp3166
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    References listed on IDEAS

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    1. Gilles Saint-Paul, 2002. "The Political Economy of Employment Protection," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 672-701, June.
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    6. Saint-Paul, Gilles, 1997. "Is labour rigidity harming Europe's competitiveness? The effect of job protection on the pattern of trade and welfare," European Economic Review, Elsevier, vol. 41(3-5), pages 499-506, April.
    7. Bourles, Renaud & Cette, Gilbert, 2007. "Trends in "structural" productivity levels in the major industrialized countries," Economics Letters, Elsevier, vol. 95(1), pages 151-156, April.
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    More about this item

    Keywords

    regulations; growth; productivity; market rigidities; education;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies 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, Vacancies, and Immigrant Workers - - - Public Policy
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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