Publication:
Regulation, Trade and Productivity in Romania : An Empirical Assessment

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dc.contributor.authorDe Rosa, Donato
dc.contributor.authorIootty, Mariana
dc.contributor.authorPirlea, Ana Florina
dc.date.accessioned2013-09-26T15:12:55Z
dc.date.available2013-09-26T15:12:55Z
dc.date.issued2013-06
dc.description.abstractInappropriate regulation can influence productivity performance by affecting incentives to invest and adopt new technologies, as well as by directly curbing competitive pressures. Results of a labor productivity growth model for European countries suggest that improving the regulatory environment -- proxied by the Worldwide Governance Indicators regulatory quality indicator -- and boosting effective exposure to competition through increasing trade integration -- expressed as the ratio of exports plus imports to gross domestic product -- have positive effects on productivity growth. In Romania a 10 percent increase in openness to global trade over 1995-2010 would have boosted productivity growth by 9.7 percent per year. A 10 percent increase in openness to European Union trade, in particular, would have led to an annual increase in productivity of 7 percent. Realizing the benefits from trade integration depends to some extent on regulation. In this regard, the effects of regulation on productivity growth are found to be positive, regardless of the indicator used to measure regulation, and both through direct and indirect channels (by increasing the speed at which a country catches up with productivity leaders). Simulation results also show how countries with different levels of regulatory quality would benefit from a regulatory improvement: had Romania improved its regulatory environment to the same level as Denmark in 2010, its annual productivity growth would have been 14 percent higher over 1995-2010.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/06/17895959/regulation-trade-productivity-romania-empirical-assessment
dc.identifier.doi10.1596/1813-9450-6493
dc.identifier.urihttps://hdl.handle.net/10986/15854
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6493
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectAIR TRANSPORT
dc.subjectALLOCATIVE EFFICIENCY
dc.subjectBASIC METALS
dc.subjectBENCHMARK
dc.subjectBEST PRACTICE
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS ENTRY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS OPERATIONS
dc.subjectCOAL
dc.subjectCOMPUTERS
dc.subjectDEVELOPMENT POLICY
dc.subjectDIVIDENDS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMICS
dc.subjectELECTRICITY
dc.subjectEMPIRICAL STUDIES
dc.subjectEQUIPMENT
dc.subjectEXPORTS
dc.subjectFISHING
dc.subjectFORESTRY
dc.subjectFUEL
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH POTENTIAL
dc.subjectHUMAN CAPITAL
dc.subjectICT
dc.subjectINCOME
dc.subjectINNOVATION
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR FORCE
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAND TRANSPORT
dc.subjectLOGGING
dc.subjectMANUFACTURING
dc.subjectMOTOR VEHICLES
dc.subjectNEW TECHNOLOGIES
dc.subjectOIL
dc.subjectOPEN ACCESS
dc.subjectPETROLEUM PRODUCTS
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLITICAL ECONOMY
dc.subjectPOSITIVE EFFECTS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectRADIO
dc.subjectRECYCLING
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESULTS
dc.subjectRETAIL SALE
dc.subjectRETAIL TRADE
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTECHNOLOGY TRANSFERS
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEVISION
dc.subjectTRANSPORT
dc.subjectTRANSPORT ACTIVITIES
dc.subjectTRANSPORT EQUIPMENT
dc.subjectTRANSPORT RESEARCH
dc.subjectUSERS
dc.subjectVALUE ADDED
dc.subjectWEB
dc.subjectaggregate productivity
dc.subjectcross-country output convergence
dc.subjectregulation
dc.titleRegulation, Trade and Productivity in Romania : An Empirical Assessmenten
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleRegulation, Trade and Productivity in Romania: An Empirical Assessment
okr.date.disclosure2013-06-01
okr.date.doiregistration2025-04-10T11:46:41.808811Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/06/17895959/regulation-trade-productivity-romania-empirical-assessment
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid820431468333030631
okr.identifier.doi10.1596/1813-9450-6493
okr.identifier.externaldocumentum000158349_20130620143122
okr.identifier.internaldocumentum17895959
okr.identifier.reportWPS6493
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/20/000158349_20130620143122/Rendered/PDF/WPS6493.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRomania
okr.themeFinancial and private sector development
okr.topicPrivate Sector Development::E-Business
okr.topicSocial Protections and Labor::Labor Policies
okr.topicEconomic Theory and Research
okr.topicTransport Economics Policy and Planning
okr.topicEnvironmental Economics and Policies
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.topicTransport
okr.unitFinance and Private Sector Development, Europe and Central Asia Region
okr.volume1 of 1
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relation.isAuthorOfPublication.latestForDiscoverydf7e1e55-05d4-558a-a340-71941945e91d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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