The Resource Regulation, Allocative Efficiency and Productivity in OECD Countries : Industry and Firm-Level Evidence, Jens Arnold, Giuseppe Nicoletti and Stefano Scarpetta, (electronic resource)

Regulation, Allocative Efficiency and Productivity in OECD Countries : Industry and Firm-Level Evidence, Jens Arnold, Giuseppe Nicoletti and Stefano Scarpetta, (electronic resource)

Label
Regulation, Allocative Efficiency and Productivity in OECD Countries : Industry and Firm-Level Evidence
Title
Regulation, Allocative Efficiency and Productivity in OECD Countries
Title remainder
Industry and Firm-Level Evidence
Statement of responsibility
Jens Arnold, Giuseppe Nicoletti and Stefano Scarpetta
Creator
Contributor
Subject
Language
eng
Summary
This paper relates diverging productivity performances across OECD countries over the past fifteen years to differences in the stringency of regulations in the product market. We first summarize industry-level evidence linking these diverging patterns to delays in service markets reforms in the wake of the ICT shock. The evidence we survey suggests that, especially in continental EU countries, tight regulation of services has slowed down growth in ICT-using sectors, which use intermediate service inputs intensively. Based on harmonised cross-country firm-level data, we then provide new evidence that one 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 efficiently across firms in countries where service regulations are less market-friendly. Firmlevel econometric estimates confirm that anti-competitive service regulations hamper productivity growth in ICT-using sectors, with a particularly pronounced effect on firms that are catching up to the technology frontier and that are close to international best practice. In other words, regulations hurt in particular those firms that have the potential to excel in domestic and international markets
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Arnold, Jens
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorDate
1956-
http://library.link/vocab/relatedWorkOrContributorName
  • Nicoletti, Giuseppe
  • Scarpetta, Stefano
Series statement
OECD Economics Department Working Papers,
Series volume
no.616
http://library.link/vocab/subjectName
Economics
Label
Regulation, Allocative Efficiency and Productivity in OECD Countries : Industry and Firm-Level Evidence, Jens Arnold, Giuseppe Nicoletti and Stefano Scarpetta, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762085568
Dimensions
21 x 30 cm
Extent
1 online resource 68 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/241447806226
Specific material designation
remote
System control number
(OCoLC)762085568
Label
Regulation, Allocative Efficiency and Productivity in OECD Countries : Industry and Firm-Level Evidence, Jens Arnold, Giuseppe Nicoletti and Stefano Scarpetta, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762085568
Dimensions
21 x 30 cm
Extent
1 online resource 68 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/241447806226
Specific material designation
remote
System control number
(OCoLC)762085568

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