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Product Market Regulation And Macroeconomic Performance : A Review of Cross-Country Evidence / Schiantarelli, Fabio
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Schiantarelli, Fabio
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Competition.
- Debt Markets.
- Demand.
- Demand Elasticity.
- E-Business.
- Economic Theory and Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Inequality.
- Inflation.
- Labor Market.
- Labor Markets.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Market Power.
- Market Reform.
- Market Reforms.
- Market Structure.
- Markets.
- Markets and Market Access.
- Monopolies.
- Monopoly.
- Political Economy.
- Poverty Reduction.
- Prices.
- Private Sector Development.
- Product.
- Product Market.
- Products.
- Regulatory Regimes.
- Social Protections and Labor.
- Turnover.
- Value.
- Volatility.
- Local Subjects:
- Competition.
- Debt Markets.
- Demand.
- Demand Elasticity.
- E-Business.
- Economic Theory and Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Inequality.
- Inflation.
- Labor Market.
- Labor Markets.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Market Power.
- Market Reform.
- Market Reforms.
- Market Structure.
- Markets.
- Markets and Market Access.
- Monopolies.
- Monopoly.
- Political Economy.
- Poverty Reduction.
- Prices.
- Private Sector Development.
- Product.
- Product Market.
- Products.
- Regulatory Regimes.
- Social Protections and Labor.
- Turnover.
- Value.
- Volatility.
- Physical Description:
- 1 online resource (46 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2005
- System Details:
- data file
- Summary:
- The 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.
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