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pressures, the efficiency of resource allocation and productivity growth. We show that product market regulations differ across … important role in driving resource allocation and productivity outcomes. Countries and industries where direct and indirect …In this paper, we review theory and evidence on the links between product market regulations that curb competitive …
Persistent link: https://www.econbiz.de/10010840278
This paper relates diverging productivity performances across OECD countries over the past fifteen years to differences … of the key channels through which inappropriate service regulations affect productivity growth is by hindering the … allocation of resources towards the most dynamic and efficient firms. At the industry level, resources were allocated less …
Persistent link: https://www.econbiz.de/10005046057
The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting … that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we … examine the extent to which regulations affecting product, labour and credit markets influence productivity, via their effect …
Persistent link: https://www.econbiz.de/10011276926
generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in … labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States …
Persistent link: https://www.econbiz.de/10005046039
productivity that is difficult to interpret. In this article, we explore some possible explanations for recent economic growth and … labour productivity outcomes, with a focus on developments in the composition of growth. We also examine whether recent … productivity outcomes hold any implications for the Australian economy's potential growth rate. We find that recent weak growth in …
Persistent link: https://www.econbiz.de/10010784704
Recent macroeconomic literature has stressed the importance of resource allocation between firms for aggregate … productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative … productivity and to the Olley-Pakes (OP) covariance component, which is currently the most popular measure of allocative efficiency …
Persistent link: https://www.econbiz.de/10010987367
Recent research has revealed enormous variation in performance and growth among firms, which both drives and is driven by large reallocations of inputs and outputs across firms (churning) within industries and markets. These differences in firm-level outcomes and the associated turnover of firms...
Persistent link: https://www.econbiz.de/10010884436
is possible to obtain meaningful measures of Total Factor Productivity growth in this framework. An Appendix relaxes some …
Persistent link: https://www.econbiz.de/10004971047
adoption by firms raises average productivity and provides diversification benefits against variety-specific shocks. Firm …
Persistent link: https://www.econbiz.de/10011129969
stock), then by consideration of the environmental deletion, we make use of the BM productivity index to decompose the …
Persistent link: https://www.econbiz.de/10011107622