Showing 1 - 10 of 104
The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, economy-wide barriers to entry...
Persistent link: https://www.econbiz.de/10010262715
It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored...
Persistent link: https://www.econbiz.de/10010267353
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …
Persistent link: https://www.econbiz.de/10010267510
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...
Persistent link: https://www.econbiz.de/10010267763
This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous …
Persistent link: https://www.econbiz.de/10010268331
Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their impact remains mixed. More recently, attention has turned to the impact of product market regulations on employment growth. This paper analyzes how labor and product market...
Persistent link: https://www.econbiz.de/10010274496
Are product market and entry regulation key sources of low employment growth in many European countries? We investigate …
Persistent link: https://www.econbiz.de/10010261526
country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …
Persistent link: https://www.econbiz.de/10010267501
specified regulation(s). Relative to the regulation(s), four conceptual categories that can help frame the analysis are: (A …) regulation applicable and compliant, (B) regulation applicable and non-compliant, (C) regulation non-applicable after adjustment … of activity, and (D) regulation non-applicable to the activity. Rather than use the generic labels 'informal' and 'formal …
Persistent link: https://www.econbiz.de/10010269039
We use UK micro data to explore whether planning regulation reduced UK retailing productivity growth between 1997 and …
Persistent link: https://www.econbiz.de/10010269333