Productivity and Convergence in a Panel of OECD Industries: Do Regulations and Institutions Matter?
We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across OECD...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2002
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than in manufacturing and, in the latter sector, it is weaker for high-tech industries. We also find evidence that the impact of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological characteristics, with a stronger impact for technological leaders in high-tech industries. In addition, anti-competitive product market regulations are negatively associated with productivity performance. The negative effect is larger the further a country is from the technological frontier, because such regulations hinder the process of technology adoption. Finally, there is also evidence in the ... |
| Physical Description: | 1 Online-Ressource (40 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/004581482564 |
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| spelling | Scarpetta, Stefano Verfasser aut Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? Stefano Scarpetta and Thierry Tressel = Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE : Une analyse de l'impact des règlements et des institutions / Stefano Scarpetta et Thierry Tressel Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE Paris OECD Publishing 2002 1 Online-Ressource (40 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than in manufacturing and, in the latter sector, it is weaker for high-tech industries. We also find evidence that the impact of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological characteristics, with a stronger impact for technological leaders in high-tech industries. In addition, anti-competitive product market regulations are negatively associated with productivity performance. The negative effect is larger the further a country is from the technological frontier, because such regulations hinder the process of technology adoption. Finally, there is also evidence in the ... Economics Tressel, Thierry ctb https://doi.org/10.1787/004581482564 Verlag kostenfrei Volltext |
| spellingShingle | Scarpetta, Stefano Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? Economics |
| title | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? |
| title_alt | Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE |
| title_auth | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? |
| title_exact_search | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? |
| title_exact_search_txtP | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? |
| title_full | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? Stefano Scarpetta and Thierry Tressel = Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE : Une analyse de l'impact des règlements et des institutions / Stefano Scarpetta et Thierry Tressel |
| title_fullStr | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? Stefano Scarpetta and Thierry Tressel = Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE : Une analyse de l'impact des règlements et des institutions / Stefano Scarpetta et Thierry Tressel |
| title_full_unstemmed | Productivity and Convergence in a Panel of OECD Industries Do Regulations and Institutions Matter? Stefano Scarpetta and Thierry Tressel = Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE : Une analyse de l'impact des règlements et des institutions / Stefano Scarpetta et Thierry Tressel |
| title_short | Productivity and Convergence in a Panel of OECD Industries |
| title_sort | productivity and convergence in a panel of oecd industries do regulations and institutions matter |
| title_sub | Do Regulations and Institutions Matter? |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/004581482564 |
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