6533b832fe1ef96bd129a466
RESEARCH PRODUCT
Product and Labour Market Regulations, Production Prices, Wages and Productivity
Jimmy LopezGilbert CetteJacques Mairessesubject
EmbryologyLabour economicsmedia_common.quotation_subjectjel:C23Multifactor productivityInternational trade[SHS]Humanities and Social SciencesDeregulation[ SHS ] Humanities and Social Sciences0502 economics and businessjel:O43050602 political science & public administration[ SHS.ECO ] Humanities and Social Sciences/Economies and financesProduction (economics)jel:O47050207 economicsmarket regulationsProductivityhealth care economics and organizationsProductivitymedia_commonEstimationbusiness.industry05 social sciencesEconomic rentProductivity market imperfections anti-competitive regulations rentsCell Biology[SHS.ECO]Humanities and Social Sciences/Economics and Financejel:L500506 political scienceRentsProduct (business)jel:L168. Economic growthAnatomybusinessWeighted arithmetic meanDevelopmental Biologydescription
ACLN; International audience; This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression equation on an industry*country panel, with controls for country*industry and country*year fixed effects, show that multi-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted average of industrial prices from other industries, and by indicators of country wages weighted by industry labour shares for low and high skilled workers. In a second stage, an economic policy simulation of the implications these results on the basis of their calibration by the OECD product and labour market anti-competitive regulation indicators suggests that nearly all countries could expect sizeable gains in multifactor productivity from deregulation reforms.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2016-12-01 | Review of Economics and Institutions |