Record Details

Product and Labour Market Regulations, Production Prices, Wages and Productivity

Review of Economics and Institutions

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Field Value
 
Title Product and Labour Market Regulations, Production Prices, Wages and Productivity
 
Creator Cette, Gilbert; Banque de France and aix-Marseille School of Economics, Cnrs, Ehess
Lopez, Jimmy; Universite de Bourgogne-Franche-Comte (LEDI) and Banque de France
Mairesse, Jacques; Crest-Ensae, Maastricht University (UNU-MERIT), Banque de France and NBER
 
Subject —
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C23, L16, L50, O43, O47
 
Description 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.
 
Publisher University of Perugia
 
Contributor —
 
Date 2016-12-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.rei.unipg.it/rei/article/view/220
10.5202/rei.v7i2.220
 
Source Review of Economics and Institutions; Vol 7, No 2 (2016); 29
2038-1379
2038-1344
 
Language eng
 
Relation http://www.rei.unipg.it/rei/article/view/220/170
 
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