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reforms on generation efficiency differs among countries according to their level of development and regional characteristics … it does not improve efficiency in electricity generation in all countries and therefore, it can hamper economic growth … distribution losses. These evidences imply that the uniform EU reform model does not improve efficiency of electricity generation …
Persistent link: https://www.econbiz.de/10013002464
framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate …
Persistent link: https://www.econbiz.de/10012442998
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
This Working Paper looks at structural policies which would improve Greece’s long-term economic performance and help speed economic and social convergence with average European Union member countries. It focuses on a number of key areas which are particularly important for rapid growth as they...
Persistent link: https://www.econbiz.de/10012444703
sense. More intense competition is likely to encourage stronger efforts of managers to improve efficiency and induce higher …
Persistent link: https://www.econbiz.de/10012445025
Producing high-quality products incurs higher costs but provides greater consumption benefits, placing a challenge in measuring firm capability when output quality differs. Using a unique panel that contains a direct measure of scientific output quality, we introduce a quality-adjusted...
Persistent link: https://www.econbiz.de/10012843832
This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under stress in Mexico and this retards the growth of skills of...
Persistent link: https://www.econbiz.de/10013148068
Using firm-level data for a sample of European countries, we focus on the effects that product-market regulations have on firm-level TFP growth. We proxy regulatory burdens using the OECD indicators of sectoral non-manufacturing regulations. These allow accounting for both the direct effects of...
Persistent link: https://www.econbiz.de/10009230693
Using firm-level data for a sample of European countries, we focus on the effects that product-market regulations have on firm-level TFP growth. We proxy regulatory burdens using the OECD indicators of sectoral non-manufacturing regulations. These allow accounting for both the direct effects of...
Persistent link: https://www.econbiz.de/10013129907
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322