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...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2003
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| Schriftenreihe: | OECD Economics Department Working Papers
no.347 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 ... |
| Beschreibung: | 1 Online-Ressource (65 p.) 21 x 29.7cm. |
| DOI: | 10.1787/078677503357 |
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| spelling | Nicoletti, Giuseppe VerfasserIn aut Regulation, Productivity and Growth OECD Evidence Giuseppe, Nicoletti and Stefano, Scarpetta = Régulation, productivité et croissance dans les pays de l'OCDE / Giuseppe, Nicoletti et Stefano, Scarpetta Régulation, productivité et croissance dans les pays de l'OCDE Paris OECD Publishing 2003 1 Online-Ressource (65 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.347 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 ... Economics Scarpetta, Stefano MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/078677503357 Volltext |
| spellingShingle | Nicoletti, Giuseppe Regulation, Productivity and Growth OECD Evidence Economics |
| title | Regulation, Productivity and Growth OECD Evidence |
| title_alt | Régulation, productivité et croissance dans les pays de l'OCDE |
| title_auth | Regulation, Productivity and Growth OECD Evidence |
| title_exact_search | Regulation, Productivity and Growth OECD Evidence |
| title_full | Regulation, Productivity and Growth OECD Evidence Giuseppe, Nicoletti and Stefano, Scarpetta = Régulation, productivité et croissance dans les pays de l'OCDE / Giuseppe, Nicoletti et Stefano, Scarpetta |
| title_fullStr | Regulation, Productivity and Growth OECD Evidence Giuseppe, Nicoletti and Stefano, Scarpetta = Régulation, productivité et croissance dans les pays de l'OCDE / Giuseppe, Nicoletti et Stefano, Scarpetta |
| title_full_unstemmed | Regulation, Productivity and Growth OECD Evidence Giuseppe, Nicoletti and Stefano, Scarpetta = Régulation, productivité et croissance dans les pays de l'OCDE / Giuseppe, Nicoletti et Stefano, Scarpetta |
| title_short | Regulation, Productivity and Growth |
| title_sort | regulation productivity and growth oecd evidence |
| title_sub | OECD Evidence |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/078677503357 |
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