Product markets' deregulation: a more productive, more efficient and more resilient economy?:
This paper assesses the impact of product market deregulation in upstream sectors on the productivity growth of firms in downstream sectors (i.e. those firms using the output of the reformed sectors as inputs in their production process). Relying on a firm level database for the period 2004-2014 cov...
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
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| Schriftenreihe: | OECD Productivity Working Papers
no.9 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper assesses the impact of product market deregulation in upstream sectors on the productivity growth of firms in downstream sectors (i.e. those firms using the output of the reformed sectors as inputs in their production process). Relying on a firm level database for the period 2004-2014 covering all Portuguese firms, we show that reforms bring productivity gains already in the short-run and that are sustained in the long-run. The effects are more positive for those further away from the technological frontier and are also heterogeneous across sectors. In addition, reforms potentiate the exit of the least productive firms, improving the resource allocation in the economy by a process of selection - for the least productive, only those that have scope to catch-up with the frontier are able to remain. Finally, we show that the adoption of product market reforms in upstream sectors leads to a more resilient economy, better equipped to face adverse shocks. |
| Beschreibung: | 1 Online-Ressource (27 p.) |
| DOI: | 10.1787/86cc3b5e-en |
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| spelling | Monteiro, Gustavo VerfasserIn aut Product markets' deregulation: a more productive, more efficient and more resilient economy? Gustavo, Monteiro, Ana, Fontoura Gouveia and Sílvia, Santos Paris OECD Publishing 2017 1 Online-Ressource (27 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Productivity Working Papers no.9 This paper assesses the impact of product market deregulation in upstream sectors on the productivity growth of firms in downstream sectors (i.e. those firms using the output of the reformed sectors as inputs in their production process). Relying on a firm level database for the period 2004-2014 covering all Portuguese firms, we show that reforms bring productivity gains already in the short-run and that are sustained in the long-run. The effects are more positive for those further away from the technological frontier and are also heterogeneous across sectors. In addition, reforms potentiate the exit of the least productive firms, improving the resource allocation in the economy by a process of selection - for the least productive, only those that have scope to catch-up with the frontier are able to remain. Finally, we show that the adoption of product market reforms in upstream sectors leads to a more resilient economy, better equipped to face adverse shocks. Science and Technology Economics Fontoura Gouveia, Ana MitwirkendeR ctb Santos, Sílvia MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/86cc3b5e-en Volltext |
| spellingShingle | Monteiro, Gustavo Product markets' deregulation: a more productive, more efficient and more resilient economy? Science and Technology Economics |
| title | Product markets' deregulation: a more productive, more efficient and more resilient economy? |
| title_auth | Product markets' deregulation: a more productive, more efficient and more resilient economy? |
| title_exact_search | Product markets' deregulation: a more productive, more efficient and more resilient economy? |
| title_full | Product markets' deregulation: a more productive, more efficient and more resilient economy? Gustavo, Monteiro, Ana, Fontoura Gouveia and Sílvia, Santos |
| title_fullStr | Product markets' deregulation: a more productive, more efficient and more resilient economy? Gustavo, Monteiro, Ana, Fontoura Gouveia and Sílvia, Santos |
| title_full_unstemmed | Product markets' deregulation: a more productive, more efficient and more resilient economy? Gustavo, Monteiro, Ana, Fontoura Gouveia and Sílvia, Santos |
| title_short | Product markets' deregulation: a more productive, more efficient and more resilient economy? |
| title_sort | product markets deregulation a more productive more efficient and more resilient economy |
| topic | Science and Technology Economics |
| topic_facet | Science and Technology Economics |
| url | https://doi.org/10.1787/86cc3b5e-en |
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