SERVICE REGULATION AND GROWTH: EVIDENCE FROM OECD COUNTRIES

被引:77
|
作者
Barone, Guglielmo [1 ]
Cingano, Federico [1 ]
机构
[1] Bank Italy, Econ Res Dept, I-00184 Rome, Italy
来源
ECONOMIC JOURNAL | 2011年 / 121卷 / 555期
关键词
ENTRY REGULATION;
D O I
10.1111/j.1468-0297.2011.02433.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti-competitive regulation see better economic performance in manufacturing industries that use less-regulated services more intensively. Our results indicate that lower service regulation increases value added, productivity and export growth in downstream service-intensive industries. The regulation of professional services and energy provision has particularly strong negative growth effects. Our estimates are robust to accounting for alternative forms of regulation (i.e. product and labour market regulation), alternative measures of financial development and a range of other specification checks.
引用
收藏
页码:931 / 957
页数:27
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