Product market regulation and macroeconomic performance: a review of cross-country evidence

By: Material type: TextTextSeries: Policy Research Working Paper, no. 3770Publication details: Washington World Bank 2005Description: 46 pSubject(s): DDC classification:
  • 658.5 S2P7
Summary: 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 effects 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 effects of product market regulation on mark-ups, firm dynamics, investment, employment, innovation, productivity, and output growth. The paper concludes with a summary of lessons learned from the econometric results. http://documents.worldbank.org/curated/en/559531468137395954/Product-market-regulation-and-macroeconomic-performance-a-review-of-cross-country-evidence
List(s) this item appears in: World Bank Working Paper Series
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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 effects 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 effects of product market regulation on mark-ups, firm dynamics, investment, employment, innovation, productivity, and output growth. The paper concludes with a summary of lessons learned from the econometric results.

http://documents.worldbank.org/curated/en/559531468137395954/Product-market-regulation-and-macroeconomic-performance-a-review-of-cross-country-evidence

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