scholarly journals Do Product Market Regulations in Upstream Sectors Curb Productivity Growth? Panel Data Evidence for OECD Countries

2010 ◽  
Author(s):  
Gilbert Cette ◽  
Jimmy Lopez ◽  
Jacques Mairesse ◽  
Giuseppe Nicoletti ◽  
Renaud Bourlès
2010 ◽  
Author(s):  
Renaud Bourlès ◽  
Gilbert Cette ◽  
Jimmy Lopez ◽  
Jacques Mairesse ◽  
Giuseppe Nicoletti

2013 ◽  
Vol 95 (5) ◽  
pp. 1750-1768 ◽  
Author(s):  
Renaud Bourlès ◽  
Gilbert Cette ◽  
Jimmy Lopez ◽  
Jacques Mairesse ◽  
Giuseppe Nicoletti

Author(s):  
Balázs Égert ◽  
Peter Gal

This chapter describes and discusses a new supply-side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment, and productivity through a production function. On the basis of reforms defined as observed changes in policies, the chapter finds that product market regulation has the largest overall single policy impact five years after the reforms. But the combined impact of all labour market policies is considerably larger than that of product market regulation. The paper also shows that policy impacts can differ at different horizons. The overall long-term effects on GDP per capita of policies transiting through capital deepening can be considerably larger than the five- to ten-year impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materializes at a shorter horizon.


2021 ◽  
Vol 200 ◽  
pp. 109762
Author(s):  
Gilbert Cette ◽  
Aurélien Devillard ◽  
Vincenzo Spiezia

2011 ◽  
Vol 41 (2) ◽  
pp. 533-554 ◽  
Author(s):  
María Santana-Gallego ◽  
Francisco Ledesma-Rodríguez ◽  
Jorge V. Pérez-Rodríguez

Author(s):  
Harun Bal ◽  
Mehmet Demiral ◽  
Filiz Yetiz

There is an immense literature on the effects of exchange rate changes on macroeconomic indicators, specifically on the trade balance, growth, inflation, and overall productivity in open economies. One of the main attempts in the related literature is about ascertaining whether the exchange rate fluctuations alter domestic prices. This possible mechanism is called as the pass-through effect which is getting more important since the argument that exchange rate adjustment is a part of the solution for global rebalancing is empirically well-supported. Starting from this claim, this study purposes to explore whether there is an exchange rate pass-through effect in 19 high-income OECD countries over the period 1990-2015. To this end, using a panel data set of consumer price index, producer price index proxied by wholesale price index, the nominal effective exchange rates, and industrial production presented by the value-added share of industry sectors in gross domestic product, structural vector autoregressive (VAR) and autoregressive distributed lag (ARDL) models are estimated in an unbalanced panel data analysis procedure. Results reveal that exchange rate pass-through effects on the domestic prices are significant but not that strong in both the short-run and the long-run. Expectedly, the pass-through effects tend to diminish over time. The study concludes that policy-makers need to consider policy actions accompanying the exchange rate changes to ensure domestic price stability which consequently interacts with many macroeconomic indicators.


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