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Record Nr. |
UNINA9910139787903321 |
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Autore |
Nicoletti Giuseppe |
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Titolo |
Regulation, productivity and growth : : OECD evidence / / Giuseppe Nicoletti and Stefano Scarpetta |
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Pubbl/distr/stampa |
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Washington, D.C. : , : World Bank, , [2003] |
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Descrizione fisica |
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1 online resource (65 p. ) |
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Collana |
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Policy research working paper ; ; 2944 |
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Classificazione |
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Altri autori (Persone) |
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Soggetti |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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"January 3, 2003." |
Title from title screen as viewed on February 15, 2003. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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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 ... |
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