SERVICE REGULATION AND GROWTH: EVIDENCE FROM OECD COUNTRIES

• 成果类型: Article
• 署名作者: Barone, Guglielmo; Cingano, Federico
• 署名单位: European Central Bank; Bank of Italy
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2011.02433.x
• 发表日期: 2011
• 页码: 931-957
• 关键词: Entry regulation

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.