Regulation, Productivity and Growth: OECD Evidence

The authors look at differences in the
\n scope and depth of pro-competitive regulatory reforms and
\n privatization policies as a possible source of cross-country
\n dispersion in growth outcomes. They suggest that, despite
\n extensive liberalization and privatization in the OECD area,
\n the cross-country variation of regulatory settings has
\n increased in recent years, lining up with the increasing
\n dispersion in growth. The authors then investigate
\n empirically the regulation-growth link using data that cover
\n a large set of manufacturing and service industries in OECD
\n countries over the past two decades and focusing on
\n multifactor productivity…