Regulation, productivity and growth OECD evidence
In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Washington, D.C. :
World Bank
[2003]
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| Colección: | Policy research working papers ;
2944. World Bank e-Library. |
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705733306719 |
| Sumario: | In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth linkage using data that cover a large set of manufacturing and service industries over the past two decades. We focus on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ... |
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| Notas: | "January 3, 2003." Title from title screen as viewed on February 15, 2003. |
| Descripción Física: | 1 online resource (65 p. ) Also available in printing |
| Bibliografía: | Includes bibliographical references. |
