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Do Product Market Regulations in Upstream Sectors Curb Productivity Growth? Panel Data Evidence for OECD Countries

Abstract : We identify the impact of intermediate goods markets imperfections on productivity downstream. Our empirical specification is based on a model of multifactor productivity (MFP) growth in which the effects of upstream competition can vary with distance to frontier. This model is estimated on a panel of fifteen OECD countries and twenty industries over 1985 to 2007. Competitive pressures are proxied with industry product market regulation data. We find evidence that anticompetitive upstream regulations have significantly curbed MFP growth over the past fifteen years, and more strongly so for observations that are close to the productivity frontier.
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https://hal.archives-ouvertes.fr/hal-01247372
Contributor : Jimmy Lopez <>
Submitted on : Wednesday, December 23, 2015 - 12:04:08 PM
Last modification on : Thursday, March 26, 2020 - 4:06:09 PM

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  • HAL Id : hal-01247372, version 1

Citation

Renaud Bourlès, Gilbert Cette, Jimmy Lopez, Jacques Mairesse, Giuseppe Nicoletti. Do Product Market Regulations in Upstream Sectors Curb Productivity Growth? Panel Data Evidence for OECD Countries. Review of Economics and Statistics, Massachusetts Institute of Technology Press (MIT Press), 2013, 95 (5), pp.1750-1768. ⟨hal-01247372⟩

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