@article{ff9216a135a147ac8f09662634b5a184,
title = "Market regulations, prices, and productivity",
abstract = "This study is, to our knowledge, the first attempt to infer the consequences on productivity entailed by anticompetitive regulations in product and labor markets through their impacts on production prices and wages. Results show that changes in production prices and wages at country*industry levels are informative about the creation of rents impeding productivity in different ways and to different extents. A simulation based on OECD regulation indicators suggests that nearly all countries could expect sizeable gains in multifactor productivity from the implementation of large structural reform programs changing anticompetitive regulation practices on product and labor markets.",
author = "G. Cette and J. Lopez and J. Mairesse",
note = "Export Date: 8 December 2016 References: Philippe, A., Howitt, P., (2009) The Economics of Growth, , Cambridge, MA: MIT Press; Philippe, A., Cette, G., Maarek, P., (2012) Rent Building, Rent Sharing: A Panel Country-industry Empirical Analysis, , Banque de France Working Paper 369; Guglielmo, B., Cingano, F., Service regulation and growth: Evidence from OECD countries (2011) Economic Journal, 121 (555), pp. 931-957; Olivier, B., Giavazzi, F., Macroeconomic effects of regulation and deregulation in goods and labor markets (2003) Quarterly Journal of Economics, 118 (3), pp. 879-907; Renaud, B., Cette, G., Lopez, J., Mairesse, J., Nicoletti, G., Do product market regulations in upstream sectors curb productivity growth? Panel data evidence for OECD countries (2013) Review of Economics and Statistics, 95 (5), pp. 1750-1768; Gilbert, C., Lopez, J., Mair-Esse, J., (2013) Upstream Product Market Regulations, ICT, R&D and Productivity, , National Bureau of Economics Research Working Paper 19488; Gilbert, C., Lopez, J., Mair-Esse, J., (2014) Product and Labor Market Regulations, Production Prices, Wages and Productivity, , National Bureau of Economics Research Working Paper 20563; Paul, C., De Rosa, D., Nico-Letti, G., Steiner, F., Product market regulation and productivity convergence (2006) OECD Economic Studies, 43 (2), pp. 39-76; Paul, C., Nicoletti, G., (2006) Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights, , OECD Economic Department Working Paper 530; OECD, Protecting jobs, enhancing fexi-bility: A new look at employment protection legislation (2013) OECD Employment Outlook 2013, , Paris: OECD Publishing",
year = "2016",
month = may,
doi = "10.1257/aer.p20161025",
language = "English",
volume = "106",
pages = "104--108",
journal = "American Economic Review",
issn = "0002-8282",
publisher = "American Economic Association",
number = "5",
}