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| Author: | Nicoletti, G. Scarpetta, S. |
| Title: | Regulation, Productivity and Growth: OECD evidence |
| Journal: | Economic Policy
2003 : APR, 36, p. 9-72 |
| Index terms: | REGULATIONS PRODUCTIVITY GROWTH OECD |
| Language: | eng |
| Abstract: | Liberalization and privatization have made the regulatory environment more market-friendly throughout the OECD. However using a large new dataset on product market regulation, the authors show that regulatory policies in OECD nations have become more dissimilar in relative terms, even as all nations have liberalized. This seemingly contradictory finding is explained by different data also show that this divergence in the regulatory settings lines up with the divergent growth performance of OECD nations, in particular the poor performance of large continental economies relative to that of the US. The authors find that productivity growth is boosted by reforms that promote private corporate governance and competition. |
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