Regulation, productivity and growth : : OECD evidence / / Giuseppe Nicoletti and Stefano Scarpetta

• Autore: Nicoletti Giuseppe
• Pubblicazione: Washington, D.C. : , : World Bank, , [2003]
• Descrizione fisica: 1 online resource (65 p. )
• Soggetto topico: Economics
• Classificazione: K23; L16; L33; C23; L5; O4
• Altri autori: ScarpettaStefano
• Note generali: "January 3, 2003."; Title from title screen as viewed on February 15, 2003.
• Nota di bibliografia: Includes bibliographical references.
• Sommario/riassunto: 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 ...
• Altri titoli varianti: Régulation, productivité et croissance dans les pays de l'OCDE
• Titolo autorizzato: Regulation, productivity and growth
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910139787903321
• Lo trovi qui: Univ. Federico II
• Serie: Policy research working papers ; ; 2944.; World Bank e-Library.