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 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 Sergi Lanau. This book was released on 2016. The Impact of Product Market Reforms on Firm Productivity in Italy available in PDF, EPUB and Kindle.
The Short-Term Impact of Product Market Reforms
The Short-Term Impact of Product Market Reforms - 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 Short-Term Impact of Product Market Reforms write by Peter N. Gal. This book was released on 2016-09-22. The Short-Term Impact of Product Market Reforms available in PDF, EPUB and Kindle. This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms have positive effects on capital, output and employment and their effects increase over time. After two years, they raise capital by 4%, output by 3% and employment by 1.5%. Second, differences in production technology and the nature of product market regulations across sectors generate important differences in the mechanisms through which reforms operate. In network industries, reforms tend to benefit small firms, while the opposite is observed in retail trade. Product market reforms also promote firm entry, particularly those that reduce entry barriers. Third, credit constraints can play an important role in weakening the positive impact of product market reform on investment. Fourth, product market reforms also tend to have positive effects on firms in downstream sectors—both at home and abroad—that make intensive use of intermediate inputs from deregulated sectors.
Identifying Service Market Reform Priorities in Italy
Identifying Service Market Reform Priorities 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 Identifying Service Market Reform Priorities in Italy write by Nazim Belhocine. This book was released on 2020-02-21. Identifying Service Market Reform Priorities in Italy available in PDF, EPUB and Kindle. Italy’s labor productivity in market services has declined since 2000, underperforming manufacturing and peer European countries, especially in strongly regulated sectors. A model of monopolistic competition is used to identify which service sectors would benefit more from removing entry and/or exit barriers. Using Italian firm-level data, the paper finds that sectors with high markups, such as professional services, would primarily benefit from removing entry barriers. Sectors with a large mass of unproductive firms, such as retail, would instead benefit from removing exit barriers. Policy recommendations to improve efficiency are outlined in relation to the sectoral priorities identified in the data.
On the Impact of Structural Reforms on Output and Employment
On the Impact of Structural Reforms on Output and Employment - 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 On the Impact of Structural Reforms on Output and Employment write by Luiza Antoun de Almeida. This book was released on 2018-04-06. On the Impact of Structural Reforms on Output and Employment available in PDF, EPUB and Kindle. This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds that structural reforms have in general a positive impact on output and employment in the medium term. Furthermore, the paper also assesses whether the impact of structural reforms varies with firm-specific characteristics, such as size, leverage, profitability, and sector. We find evidence that firm characteristics do influence the effectiveness of structural reforms. These findings have relevant policy implications as they help policymakers tailor the design of structural reforms to maximize their payoffs, taking into account their heterogeneous impact on firms.
