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This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations. The starting point is the definition of MFP used in previous work in the OECD’s Economics Department (e.g. Johansson et al....
Persistent link: https://www.econbiz.de/10011823644
This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of … with less investment (lower capital stock). The paper also sheds light on the existence of non-linear effects of product … and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of …
Persistent link: https://www.econbiz.de/10011700398
This paper presents the latest edition of the OECD indicators of product market regulation (PMR), which measure …, modifications in the economic and business environment, and changes in the practice of regulation. The results show that most OECD …
Persistent link: https://www.econbiz.de/10012203338
bankruptcy legislation) and restrictions on foreign direct investment, this is largely traceable to the worsening of allocative …
Persistent link: https://www.econbiz.de/10009696511
This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews: i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for...
Persistent link: https://www.econbiz.de/10011914246
Product Market Regulation indicator, housing market regulations and policies, Doing Business indicators and the quality of … stringent product market regulation hurts more in more open economies. Better institutions amplify the positive effect of R …
Persistent link: https://www.econbiz.de/10011914264
empirical analysis exploits variation in licensing regulation across states and industries and constructs indicators for both … the share of employment subject to licensing (the extensive margin) and the strictness of regulation (the intensive margin … with more extensive and stricter licensing regulation. The results from the analysis of earnings are generally mixed and …
Persistent link: https://www.econbiz.de/10012202931
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse...
Persistent link: https://www.econbiz.de/10009769653
investment. Fourth, product market reforms also tend to have positive effects on firms in downstream sectors—both at home and …
Persistent link: https://www.econbiz.de/10011577820
other structural bottlenecks. These challenges include reducing stringent regulation – particularly at the local level – and …
Persistent link: https://www.econbiz.de/10011392836