Product Markets' Deregulation: a More Productive, More Efficient and More Resilient Economy? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Product Markets' Deregulation: a More Productive, More Efficient and More Resilient Economy? write by Gustavo Monteiro. This book was released on 2017. Product Markets' Deregulation: a More Productive, More Efficient and More Resilient Economy? available in PDF, EPUB and Kindle. Abstract: This paper assesses the impact of product market deregulation in upstream sectors on the productivity growth of firms in downstream sectors (i.e. those firms using the output of the reformed sectors as inputs in their production process). Relying on a firm level database for the period 2004-2014 covering all Portuguese firms, we show that reforms bring productivity gains already in the short-run and that are sustained in the long-run. The effects are more positive for those further away from the technological frontier and are also heterogeneous across sectors. In addition, reforms potentiate the exit of the least productive firms, improving the resource allocation in the economy by a process of selection - for the least productive, only those that have scope to catch-up with the frontier are able to remain. Finally, we show that the adoption of product market reforms in upstream sectors leads to a more resilient economy, better equipped to face adverse shocks
The Impact of Product Market Reforms on Firm Productivity in Italy
The Impact of Product Market Reforms on Firm Productivity in Italy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of Product Market Reforms on Firm Productivity in Italy write by Mr.Sergi Lanau. This book was released on 2016-06-15. The Impact of Product Market Reforms on Firm Productivity in Italy available in PDF, EPUB and Kindle. This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity. Using firm-level data from Italy during 2003–13 and OECD measures of product market regulation, we estimate the effect of deregulation in network sectors on value added and productivity of firms in these sectors, as well as firms using these intermediates in their production processes. We find evidence of a significant positive impact. These effects are more pronounced in Italian provinces with more efficient public administration, underscoring the complementarities of advancing public administration and product market reforms simultaneously.
The World Bank Research Observer
The World Bank Research Observer - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The World Bank Research Observer write by . This book was released on 2003. The World Bank Research Observer available in PDF, EPUB and Kindle.
What is the Impact of Increased Business Competition?
What is the Impact of Increased Business Competition? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook What is the Impact of Increased Business Competition? write by Sónia Félix. This book was released on 2019-12-13. What is the Impact of Increased Business Competition? available in PDF, EPUB and Kindle. This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Making It Big
Making It Big - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Making It Big write by Andrea Ciani. This book was released on 2020-10-08. Making It Big available in PDF, EPUB and Kindle. Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries. Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top†? of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants. This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.
