Replication data for: Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries

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Project Citation:

Égert, Balázs. Replication data for: Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113447V1

Project Description

Summary: This paper seeks to understand the drivers of country-level multi-factor productivity (MFP) with a special emphasis on product and labour market policies and the quality of institutions. For a panel of OECD countries, we find that anticompetitive product market regulations reduce MFP levels and that higher innovation intensity and greater openness result in higher MFP. We also find that the impact of product market regulations on MFP may depend on the level of labour market regulations. Better institutions, a more business friendly environment and lower barriers to trade and investment amplify the positive impact of R&D spending on MFP. Finally, we also show that cross-country MFP variations can be explained to a considerable extent by cross-country variation in labour market regulations, barriers to trade and investment and institutions.

Scope of Project

Subject Terms: regulation and institutions; Total factor productivity

JEL Classification:
      D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
      J08 Labor Economics Policies
      L51 Economics of Regulation
      O43 Institutions and Growth
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

Geographic Coverage: OECD countries

Time Period(s): 1975 – 2014

Data Type(s): aggregate data

Methodology

Data Source: OECD, World Bank

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Published Versions

V1 [2019-10-12]

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Dublin Core

DDI 2.5

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