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Product Market Regulation and Macroeconomic Performance : A Review of Cross-Country Evidence

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dc.contributor.authorSchiantarelli, Fabio
dc.date.accessioned2012-06-20T19:45:33Z
dc.date.available2012-06-20T19:45:33Z
dc.date.issued2005-11
dc.description.abstractThe main purpose of this paper is to provide a critical overview of the recent empirical contributions that use cross-country data to study the effects of product market regulation and reform on a country's macroeconomic performance. After a brief review of the theoretical literature and of relevant micro-econometric evidence, the paper discusses the main data and methodological issues related to empirical work on this topic. It then critically evaluates the cross-country evidence on the effects of product market regulation on mark-ups, firm dynamics, investment, employment, innovation, productivity, and output growth. The paper concludes with a summary of lessons learned from the econometric results.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/11/6413121/product-market-regulation-macroeconomic-performance-review-cross-country-evidence-product-market-regulation-macroeconomic-performance-review-cross-country-evidence
dc.identifier.doi10.1596/1813-9450-3770
dc.identifier.urihttps://hdl.handle.net/10986/8567
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3770
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADJUSTMENT COSTS
dc.subjectADVERSE EFFECTS
dc.subjectAGENCY PROBLEMS
dc.subjectAGGREGATE OUTPUT
dc.subjectAGGREGATE PERFORMANCE
dc.subjectAGGREGATE PRODUCTIVITY GROWTH
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectAVERAGE PRODUCTIVITY GROWTH
dc.subjectBANKRUPTCY
dc.subjectBARGAINING POWER
dc.subjectBARRIERS TO ENTRY
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL COSTS
dc.subjectCOMPETITIVE ENVIRONMENT
dc.subjectCOMPETITIVE MARKETS
dc.subjectCOMPETITIVE PRESSURE
dc.subjectCONSUMERS
dc.subjectCOUNTRY LEVEL
dc.subjectCREATIVE DESTRUCTION
dc.subjectCROSS-COUNTRY DATA
dc.subjectDATA SET
dc.subjectDATA SETS
dc.subjectDEMAND ELASTICITY
dc.subjectDEPENDENT VARIABLE
dc.subjectDEREGULATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOWNWARD BIAS
dc.subjectDYNAMIC PANEL
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC OUTLOOK
dc.subjectELASTICITY
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL RESEARCH
dc.subjectEMPIRICAL RESULTS
dc.subjectEMPIRICAL WORK
dc.subjectENDOGENOUS GROWTH
dc.subjectENDOGENOUS GROWTH MODEL
dc.subjectENTRY BARRIERS
dc.subjectENTRY COST
dc.subjectENTRY COSTS
dc.subjectENTRY RATE
dc.subjectEQUILIBRIUM PRICES
dc.subjectEXPLANATORY POWER
dc.subjectEXPLANATORY VARIABLE
dc.subjectFACTOR DEMAND
dc.subjectFACTOR MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFIRM DEMOGRAPHIC
dc.subjectFIRM DYNAMICS
dc.subjectFIRM LEVEL
dc.subjectFIRM SIZE
dc.subjectFIRM TURNOVER
dc.subjectFOREIGN COMPETITION
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH MODELS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH UNEMPLOYMENT
dc.subjectIMPORT BARRIERS
dc.subjectINCOME
dc.subjectINCREASING RETURNS
dc.subjectINCREASING SHARE
dc.subjectINDIVIDUAL COUNTRIES
dc.subjectINDUSTRIAL ECONOMIES
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectLABOR DEMAND
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET REFORM
dc.subjectLABOR MARKET REGULATION
dc.subjectLABOR MARKET REGULATIONS
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLONG-RUN EFFECTS
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMANAGERIAL SLACK
dc.subjectMARGINAL COSTS
dc.subjectMARKET
dc.subjectMARKET POWER
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMEASUREMENT ERROR
dc.subjectMINIMUM LEVEL
dc.subjectMONOPOLY RENTS
dc.subjectNATURAL MONOPOLIES
dc.subjectNEGATIVE EFFECT
dc.subjectNEGATIVE IMPACT
dc.subjectPATENTS
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOOR COUNTRIES
dc.subjectPOOR GROWTH
dc.subjectPOSITIVE EFFECT
dc.subjectPOSITIVE RELATIONSHIP
dc.subjectPRICE CONTROLS
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRIVATIZATION
dc.subjectPROCESS INNOVATIONS
dc.subjectPRODUCT MARKET
dc.subjectPRODUCT MARKET REFORM
dc.subjectPRODUCT MARKET REFORMS
dc.subjectPRODUCT MARKET REGULATION
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVE EFFICIENCY
dc.subjectPRODUCTIVE FIRMS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GAINS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY IMPROVEMENT
dc.subjectPRODUCTIVITY LEVELS
dc.subjectPUBLIC ENTERPRISES
dc.subjectREAL WAGE
dc.subjectREAL WAGES
dc.subjectREFORMS
dc.subjectREGULATORY CHANGES
dc.subjectREGULATORY DATA
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REFORMS
dc.subjectRELATIVE IMPORTANCE
dc.subjectRESOURCE ALLOCATION
dc.subjectRETAIL
dc.subjectRETAIL TRADE
dc.subjectSCALE EFFECT
dc.subjectSCALE EFFECTS
dc.subjectSERVICE SECTOR
dc.subjectSIGNIFICANT EFFECT
dc.subjectTARIFF BARRIERS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTOTAL PRODUCTIVITY GROWTH
dc.subjectTRADE BARRIERS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPORT SECTOR
dc.subjectUNEMPLOYMENT
dc.subjectUTILITIES
dc.subjectVALUE ADDED
dc.subjectVERTICAL INTEGRATION
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWORKERS
dc.titleProduct Market Regulation and Macroeconomic Performance : A Review of Cross-Country Evidenceen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleProduct Market Regulation And Macroeconomic Performance : A Review Of Cross-Country Evidence
okr.date.doiregistration2025-04-10T10:46:01.927247Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/11/6413121/product-market-regulation-macroeconomic-performance-review-cross-country-evidence-product-market-regulation-macroeconomic-performance-review-cross-country-evidence
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.guid559531468137395954
okr.identifier.doi10.1596/1813-9450-3770
okr.identifier.externaldocumentum000016406_20051114165715
okr.identifier.internaldocumentum6413121
okr.identifier.reportWPS3770
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/11/14/000016406_20051114165715/Rendered/PDF/wps3770.pdfen
okr.topicEconomic Theory and Research
okr.topicInfrastructure Economics and Finance::Infrastructure Regulation
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicSocial Protections and Labor::Labor Markets
okr.topicPoverty Reduction::Inequality
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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