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Review of Economics and StatisticsVolume 95, Issue 5, 2013, Pages 1750-1768

Do productmarket regulations in upstreamsectors curb productivity growth? Panel data evidence for oecd Countries(Article)(Open Access)

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  • aEcole Centrale Marseille (Aix-Marseille School of Economics), CNRS, and EHESS, France
  • bBanque de France and Aix-Marseille University (Aix-Marseille School of Economics), CNRS, and EHESS, France
  • cBanque de France and Université de Bourgogne, France
  • dCREST-ENSAE, University of Maastricht, Banque de France, and NBER, France
  • eOECD Economics Department, France

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. © 2013 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

  • ISSN: 00346535
  • Source Type: Journal
  • Original language: English
  • DOI: 10.1162/REST_a_00338
  • Document Type: Article
  • Publisher: MIT Press Journals

  Bourlès, R.; Ecole Centrale Marseille (Aix-Marseille School of Economics), CNRS, and EHESS, France
© Copyright 2014 Elsevier B.V., All rights reserved.

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