Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence

By F. Schiantarelli. Social Science Research Network, 2005

118 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/b53b3742b4f5749d7a1d84a4ecde95d6c7f74cff

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In Economics and Econometrics

Citations in the corpus

Employment Outcomes and the Interaction between Product and Labor Market Deregulation: Are They Substitutes or Complements? (2007, background): “31 F. Schiantarelli (2005) “Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence”, Boston College Working Paper No. 624, and IZA working paper No. 1791.”
Do Product Market Regulations in Upstream Sectors Curb Productivity Growth? Panel Data Evidence For OECD Countries (2013, background): “26 Although this implies the assumption of identical comparative price levels across industries, van Biesebroeck (2004) finds that, overall, aggregate PPPs perform as well as sectoral PPPs, where performance is measured as the correlation with sectoral deflators.”