Artikel

Regulation, resource reallocation and productivity growth

In this paper, we review theory and evidence on the links between product market regulations that curb competitive pressures, the efficiency of resource allocation and productivity growth. We show that product market regulations differ across countries and industries and have evolved differently over time. We argue that differences in regulation have played an important role in driving resource allocation and productivity outcomes. Countries and industries where direct and indirect regulatory burdens are lighter have generally experienced the highest GDP per capita and productivity growth rates. Moreover, where regulatory burdens are lighter, the reallocation of resources towards the highest-productivity firms is stronger. The impacts of inappropriate regulations on aggregate and firm-level productivity performance are estimated to be quantitatively important and thus, reforming such regulations can provide a significant boost to potential growth in OECD economies.

Sprache
Englisch

Erschienen in
Journal: EIB Papers ; ISSN: 0257-7755 ; Volume: 16 ; Year: 2011 ; Issue: 1 ; Pages: 90-115 ; Luxembourg: European Investment Bank (EIB)

Klassifikation
Wirtschaft
Thema
Regulierung
Allokationseffizienz
Produktivität
Sozialprodukt
Wirtschaftswachstum
OECD-Staaten

Ereignis
Geistige Schöpfung
(wer)
Arnold, Jens
Nicoletti, Giuseppe
Scarpetta, Stefano
Ereignis
Veröffentlichung
(wer)
European Investment Bank (EIB)
(wo)
Luxembourg
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Arnold, Jens
  • Nicoletti, Giuseppe
  • Scarpetta, Stefano
  • European Investment Bank (EIB)

Entstanden

  • 2011

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