This paper is making use of the OECD product market regulation (PMR) database to measure the heterogeneity of product … market regulation across countries for the whole economy, for the main subcomponents of the PMR indicator and for the …

implemented during the 1990s are now paying off in terms of productivity and GDP growth. Empirical evidence suggests that … deregulation has delivered a considerable “productivity dividend”. Although significant progress therefore has been made, renewed …

Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to …

regulation have a significant impact on both labour and total factor productivity. States in which the regulatory environment … restricts competition have lower productivity growth in comparison to states in which regulation is more supportive of … of product market regulation is necessary to improve productivity growth further and ensure that the benefits of reform …

This paper investigates the effect of product market regulations on the international diffusion of productivity shocks … process. This suggest that remaining cross-country differences in product market regulation can partially explain the recent … observed divergence of productivity in OECD countries, given the emergence of new general-purpose technologies over the 1990s …

We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in … convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than … of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological …

improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … 1985-2007. Competitive pressures are proxied with sectoral product market regulation data. We find evidence that … to the productivity frontier. …

This paper assesses the implications of past and ongoing reforms in OECD product markets for the labour productivity …) and multi-factor productivity. We focus on the effects of policies aimed at strengthening private governance (e.g. through …-competitive reforms tend to increase both investment and multifactor productivity and, through both these channels, they can lead to …

to keep up the sustained growth of productivity. Reforms that enhance competition in product markets are among those that … can potentially bring about significant productivity gains. China has been lowering the burden on start-ups and …

of productivity have been low in many domestically oriented sectors and consumer welfare has suffered under high prices …