The Library
Regulation and productivity performance
Tools
Crafts, N. F. R. (2006) Regulation and productivity performance. Oxford Review of Economic Policy, Volume 22 (Number 2). pp. 186-202. doi:10.1093/oxrep/grj012 ISSN 0266-903X.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1093/oxrep/grj012
Abstract
The paper reviews theory and evidence on the ways in which regulation affects productivity outcomes. In a context of endogenous growth, it is argued that traditional measures of compliance costs miss the potentially most important impacts of regulation on productivity which occur through changes in incentives to invest and to innovate. Recent attempts to measure cross-country variations in the strength of product-market and employment regulation are considered and some weaknesses are highlighted. Nevertheless, consistent with endogenous growth models, there appears to he quite strong evidence that regulations which inhibit entry into product markets have an adverse effect on TFP growth in OECD countries. Although there are some discrepancies in the evidence, on most measures the UK appears lightly regulated relative to France and Germany, and this may have contributed to a reduction in the recent past in the UK's TFP gap.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Journal or Publication Title: | Oxford Review of Economic Policy | ||||
Publisher: | Oxford University Press | ||||
ISSN: | 0266-903X | ||||
Official Date: | 2006 | ||||
Dates: |
|
||||
Volume: | Volume 22 | ||||
Number: | Number 2 | ||||
Number of Pages: | 17 | ||||
Page Range: | pp. 186-202 | ||||
DOI: | 10.1093/oxrep/grj012 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |