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This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of distortion among countries and identify sectors where the...
Persistent link: https://www.econbiz.de/10011743015
The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas,...
Persistent link: https://www.econbiz.de/10011711479
This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity …
Persistent link: https://www.econbiz.de/10011711558
a high level of competition. What a country produces and how much it competes domestically and internationally are …
Persistent link: https://www.econbiz.de/10012517949
We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad … marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new …
Persistent link: https://www.econbiz.de/10012518975
Does greater product market competition improve external competitiveness and growth? This paper examines this question … emerging market economies and developing countries, and finds that an improvement in domestic competition is associated with a … productivity growth. Price levels, including of essential items, are also generally lowered with an increase in competition …
Persistent link: https://www.econbiz.de/10012177592
policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …
Persistent link: https://www.econbiz.de/10012170156
This paper provides an empirical assessment of the degree of competition in Hong Kong SAR using industry-level data … decade has also made it slightly less competitive on average. Imperfect competition is not leading to counter …
Persistent link: https://www.econbiz.de/10014399701
This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms...
Persistent link: https://www.econbiz.de/10011711526
In the 1990s and early 2000s, Belize grew faster than its regional peers. By the mid-2000s, however, economic growth had slowed down to the regional average. A vicious circle of low growth and increasing public debt has been clouding Belize's outlook. This paper applies a growth diagnostic...
Persistent link: https://www.econbiz.de/10012001597