RENT CREATION AND RENT SHARING: NEW MEASURES AND IMPACTS ON TOTAL FACTOR PRODUCTIVITY

被引:3
|
作者
Cette, Gilbert [1 ,2 ]
Lopez, Jimmy [3 ,4 ]
Mairesse, Jacques [5 ,6 ]
机构
[1] Banque France, Econ & Int Studies Gen Directorate, F-75001 Paris, France
[2] Aix Marseille Sch Econ, F-75001 Paris, France
[3] Banque France, Microecon & Struct Anal Directorate, F-21066 Dijon, France
[4] Univ Bourgogne Franche Comte LEDI, F-21066 Dijon, France
[5] Maastricht Univ, CREST ENSAE, UNU MERIT, Banque France, F-91120 Palaiseau, France
[6] NBER, F-91120 Palaiseau, France
关键词
MARKET REGULATIONS; INNOVATION; COMPETITION; PANEL;
D O I
10.1111/ecin.12809
中图分类号
F [经济];
学科分类号
02 ;
摘要
This analysis proposes new measures of rent creation and rent sharing and assesses their impact on productivity on cross-country-industry panel data. We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts hourly wages, particularly for low-skill workers. However, we find no significant impact of this employment legislation on rent sharing, as the hourly wage increases are offset by a negative impact on hours worked. Second, using regulation indicators as instruments, we find that rent creation and rent sharing both have a substantial negative impact on total factor productivity. (JEL E22, E24, O30, L50, O43, O47, C23)
引用
收藏
页码:1915 / 1938
页数:24
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