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 … government guarantees and are the main beneficiaries of administrative monopolies, i.e. exclusive rights granted by regulations …

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 … multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross …

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

stronger in the United States than in most other OECD countries for some time. This has contributed to sizeable productivity …