Regulation Productivity And Growth

Author : Giuseppe Nicoletti,Stefano Scarpetta
Publisher : World Bank Publications
Page : 68 pages
File Size : 51,8 Mb
Release : 2003
Category : Antitrust law
ISBN : 8210379456XXX

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Regulation, Productivity and Growth by Giuseppe Nicoletti,Stefano Scarpetta Pdf

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 ...

Author : Stefano Scarpetta,Giuseppe Nicoletti
Publisher : Unknown
Page : 0 pages
File Size : 51,7 Mb
Release : 2004
Category : Electronic
ISBN : OCLC:1375395270

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Regulation, Productivity and Growth by Stefano Scarpetta,Giuseppe Nicoletti Pdf

Nicoletti and Scarpetta look at differences in the scope and depth of pro-competitive regulatory reforms and privatization policies as a possible source of cross-country dispersion in growth outcomes. They suggest that, despite extensive liberalization and privatization in the OECD area, the cross-country variation of regulatory settings has increased in recent years, lining up with the increasing dispersion in growth. The authors then investigate empirically the regulation-growth link using data that cover a large set of manufacturing and service industries in OECD countries over the past two decades and focusing on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. Regressing MFP on both economywide indicators of regulation and privatization and industry-level indicators of entry liberalization, the authors find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. In manufacturing the gains to be expected from lower entry barriers are greater the further a given country is from the technology leader. So, regulation limiting entry may hinder the adoption of existing technologies, possibly by reducing competitive pressures, technology spillovers, or the entry of new high-technology firms. At the same time, both privatization and entry liberalization are estimated to have a positive impact on productivity in all sectors. These results offer an interpretation to the observed recent differences in growth patterns across OECD countries, in particular between large continental European economies and the United States. Strict product market regulations - and lack of regulatory reforms - are likely to underlie the relatively poorer productivity performance of some European countries, especially in those industries where Europe has accumulated a technology gap (such as information and communication technology-related industries). These results also offer useful insights for non-OECD countries. In particular, they point to the potential benefits of regulatory reforms and privatization, especially in those countries with large technology gaps and strict regulatory settings that curb incentives to adopt new technologies. This paper - a product of the Social Protection Team, Human Development Network - is part of a larger effort in the network to understand what drives productivity growth.

Author : Norman V. Loayza,Luis Serv n
Publisher : World Bank Publications
Page : 290 pages
File Size : 55,7 Mb
Release : 2010-01-11
Category : Business & Economics
ISBN : 0821381458

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Business Regulation and Economic Performance by Norman V. Loayza,Luis Serv n Pdf

The Schumpeterian process of 'creative destruction' is an essential ingredient of a dynamic economy. In many countries around the world, however, this process is weakened by pervasive regulation of product and factor markets. This book documents the regulatory obstacles faced by firms, particularly in developing countries, and assesses their implications for firm renewal and macroeconomic performance. Combining a variety of methodological approaches--analytical and empirical, micro and macroeconomic, single- and cross-country-- the book provides evidence that streamlining the regulatory framework would have a significant social pay-off, particularly in developing countries that are also burdened by weak governance. The book's chapters trace out analytically and empirically the links between microeconomic policies and distortions, on the one hand, and aggregate performance in terms of productivity, growth and volatility, on the other. The volume adds to a novel but increasingly influential literature that seeks to understand macroeconomic phenomena from a microeconomic perspective, and derive the relevant lessons for development policy. Such literature is still fairly scarce in the case of industrial countries, and virtually in its infancy for developing countries.

Author : Gregory Christainsen,Frank M. Gollop,Robert H. Haveman
Publisher : Unknown
Page : 100 pages
File Size : 45,7 Mb
Release : 1980
Category : Environmental law
ISBN : UOM:39015039033579

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Environmental and Health/safety Regulations, Productivity Growth, and Economic Performance by Gregory Christainsen,Frank M. Gollop,Robert H. Haveman Pdf

Author : OECD
Publisher : OECD Publishing
Page : 91 pages
File Size : 40,6 Mb
Release : 2012-01-16
Category : Electronic
ISBN : 9789264167179

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Measuring Regulatory Performance A Practitioner's Guide to Perception Surveys by OECD Pdf

This guide helps officials use perception surveys for evaluating and communicating progress in regulatory reform. It explains the challenges involved in the design and use of business and citizen perception surveys – and ways to overcome them.

Author : Fabio Schiantarelli
Publisher : World Bank Publications
Page : 46 pages
File Size : 40,7 Mb
Release : 2005
Category : Competition
ISBN : 8210379456XXX

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Product Market Regulation and Macroeconomic Performance by Fabio Schiantarelli Pdf

"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." -- Cover verso.

Author : Mr.Sergi Lanau,Petia Topalova
Publisher : International Monetary Fund
Page : 25 pages
File Size : 42,6 Mb
Release : 2016-06-15
Category : Business & Economics
ISBN : 9781475524925

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The Impact of Product Market Reforms on Firm Productivity in Italy by Mr.Sergi Lanau,Petia Topalova Pdf

This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity. Using firm-level data from Italy during 2003–13 and OECD measures of product market regulation, we estimate the effect of deregulation in network sectors on value added and productivity of firms in these sectors, as well as firms using these intermediates in their production processes. We find evidence of a significant positive impact. These effects are more pronounced in Italian provinces with more efficient public administration, underscoring the complementarities of advancing public administration and product market reforms simultaneously.

Author : Nancy L. Rose
Publisher : University of Chicago Press
Page : 619 pages
File Size : 50,6 Mb
Release : 2014-08-29
Category : Business & Economics
ISBN : 9780226138169

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Economic Regulation and Its Reform by Nancy L. Rose Pdf

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Author : Cary Coglianese,Adam M. Finkel,Christopher Carrigan
Publisher : University of Pennsylvania Press
Page : 299 pages
File Size : 55,7 Mb
Release : 2014-01-06
Category : Political Science
ISBN : 9780812209242

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Does Regulation Kill Jobs? by Cary Coglianese,Adam M. Finkel,Christopher Carrigan Pdf

As millions of Americans struggle to find work in the wake of the Great Recession, politicians from both parties look to regulation in search of an economic cure. Some claim that burdensome regulations undermine private sector competitiveness and job growth, while others argue that tough new regulations actually create jobs at the same time that they provide other benefits. Does Regulation Kill Jobs? reveals the complex reality of regulation that supports neither partisan view. Leading legal scholars, economists, political scientists, and policy analysts show that individual regulations can at times induce employment shifts across firms, sectors, and regions—but regulation overall is neither a prime job killer nor a key job creator. The challenge for policymakers is to look carefully at individual regulatory proposals to discern any job shifting they may cause and then to make regulatory decisions sensitive to anticipated employment effects. Drawing on their analyses, contributors recommend methods for obtaining better estimates of job impacts when evaluating regulatory costs and benefits. They also assess possible ways of reforming regulatory institutions and processes to take better account of employment effects in policy decision-making. Does Regulation Kills Jobs? tackles what has become a heated partisan issue with exactly the kind of careful analysis policymakers need in order to make better policy decisions, providing insights that will benefit both politicians and citizens who seek economic growth as well as the protection of public health and safety, financial security, environmental sustainability, and other civic goals. Contributors: Matthew D. Adler, Joseph E. Aldy, Christopher Carrigan, Cary Coglianese, E. Donald Elliott, Rolf Färe, Ann Ferris, Adam M. Finkel, Wayne B. Gray, Shawna Grosskopf, Michael A. Livermore, Brian F. Mannix, Jonathan S. Masur, Al McGartland, Richard Morgenstern, Carl A. Pasurka, Jr., William A. Pizer, Eric A. Posner, Lisa A. Robinson, Jason A. Schwartz, Ronald J. Shadbegian, Stuart Shapiro.

Author : Patrick Dunleavy,Leandro Carrera
Publisher : Edward Elgar Publishing
Page : 385 pages
File Size : 52,6 Mb
Release : 2013-01-01
Category : Political Science
ISBN : 9780857934994

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Growing the Productivity of Government Services by Patrick Dunleavy,Leandro Carrera Pdf

'Carrera and Dunleavy provide a crystal clear and comprehensive account of the complex issues involved in how best to improve the productivity of government services. They offer a nuanced but powerful explanation of productivity puzzles, conundrums and dilemmas in the public sector. But they also offer solutions to many of these problems. Finally, I have found a text on public economics that makes sense, gives genuine management insights and offers real suggestions to practitioners as to what to do next.' – Barry Quirk, Chief Executive, London Borough of Lewisham, UK 'This book presents a welcome and sobering analysis of productivity performance in UK central government – a subject that has received remarkably little serious academic attention up to now, in spite of decades of general commentary on managerialism.' – Christopher Hood, All Souls College, UK 'Leandro Carrera and Patrick Dunleavy have performed an amazing feat in this book through their rigorous examination of a thorny topic that has dogged pundits and academics alike. Just how efficient is government and how well does it do its job? As a result of an impressive – but accessible – set of data analyses, the authors make an authoritative attack on the proponents of the New Public Management, and offer some clear recommendations for reform based on better use of new technology.' – Peter John, University College London, UK Productivity is essentially the ratio of an organization's outputs divided by its inputs. For many years it was treated as always being static in government agencies. In fact productivity in government services should be rising rapidly as a result of digital changes and new management approaches, and it has done so in some agencies. However, Dunleavy and Carrera show for the first time how complex are the factors affecting productivity growth in government organizations – especially management practices, use of IT, organizational culture, strategic mis-decisions and political and policy churn. With government budgets under stress in many countries, this pioneering book shows academics, analysts and officials how to measure outputs and productivity in detail; how to cope with problems of quality variations; and how to achieve year-on-year, sustainable improvements in the efficiency of government services.

Author : Anonim
Publisher : Unknown
Page : 58 pages
File Size : 41,9 Mb
Release : 1997
Category : Economic development
ISBN : MINN:31951D01414630W

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OECD Working Papers by Anonim Pdf

Author : OECD
Publisher : OECD Publishing
Page : 152 pages
File Size : 50,7 Mb
Release : 2019-04-29
Category : Electronic
ISBN : 9789264603981

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OECD Compendium of Productivity Indicators 2019 by OECD Pdf

This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries.

Author : Alistair Dieppe
Publisher : World Bank Publications
Page : 552 pages
File Size : 48,9 Mb
Release : 2021-06-09
Category : Business & Economics
ISBN : 9781464816093

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Global Productivity by Alistair Dieppe Pdf

The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Author : Servaas Storm,C. W. M. Naastepad,International Labour Office. Economic and Labour Market Analysis Department. Employment Analysis and Research Unit
Publisher : Unknown
Page : 25 pages
File Size : 43,9 Mb
Release : 2007
Category : Electronic
ISBN : 9221200159

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Why Labour Market Regulation May Pay Off by Servaas Storm,C. W. M. Naastepad,International Labour Office. Economic and Labour Market Analysis Department. Employment Analysis and Research Unit Pdf

Focuses on the extent of labour market regulation and argues (providing empirical evidence) that aggregate labour productivity growth is higher in economies having a "rigid" (i.e. more regulated and co-ordinated) labour market than in economies with flexible labour markets.

Author : Fabio Schiantarelli
Publisher : Unknown
Page : 128 pages
File Size : 43,6 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931675179

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Product Market Regulation and Macroeconomic Performance by Fabio Schiantarelli Pdf

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.