The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data
This paper presents empirical evidence on the role that policy and institutional settings in both product and labour market play for productivity and firm dynamics. It exploits a new firm-level database for ten OECD countries and industry-level data for a broader set of countries, together with a se...
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2002
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| Schriftenreihe: | OECD Economics Department Working Papers
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| 520 | |a This paper presents empirical evidence on the role that policy and institutional settings in both product and labour market play for productivity and firm dynamics. It exploits a new firm-level database for ten OECD countries and industry-level data for a broader set of countries, together with a set of indicators of regulation and institutional settings in product and labour markets. Aggregate productivity patterns are largely the result of within-firm performance. But, the contribution from firm dynamic processes should not be overlooked, most notably in high-tech industries where new firms tend to play an important role. Industry productivity performance is negatively affected by strict product market regulations, especially if there is a significant technology gap with the technology leader. Likewise, high hiring and firing costs seem to hinder productivity, especially when these costs are not offset by lower wages and/or more internal training. Moreover, burdensome regulations ... | ||
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| id | DE-604.BV047934899 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:03Z |
| indexdate | 2024-11-25T18:02:39Z |
| institution | BVB |
| language | English |
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| spellingShingle | Scarpetta, Stefano The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data Economics |
| title | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data |
| title_alt | L' impact des politiques économiques et des institutions sur le marche du travail et le marche des biens sur la productivité et la dynamique des entreprises |
| title_auth | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data |
| title_exact_search | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data |
| title_exact_search_txtP | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data |
| title_full | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data Stefano Scarpetta ... [et al] = L' impact des politiques économiques et des institutions sur le marche du travail et le marche des biens sur la productivité et la dynamique des entreprises / Stefano Scarpetta ... [et al] |
| title_fullStr | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data Stefano Scarpetta ... [et al] = L' impact des politiques économiques et des institutions sur le marche du travail et le marche des biens sur la productivité et la dynamique des entreprises / Stefano Scarpetta ... [et al] |
| title_full_unstemmed | The Role of Policy and Institutions for Productivity and Firm Dynamics Evidence from Micro and Industry Data Stefano Scarpetta ... [et al] = L' impact des politiques économiques et des institutions sur le marche du travail et le marche des biens sur la productivité et la dynamique des entreprises / Stefano Scarpetta ... [et al] |
| title_short | The Role of Policy and Institutions for Productivity and Firm Dynamics |
| title_sort | the role of policy and institutions for productivity and firm dynamics evidence from micro and industry data |
| title_sub | Evidence from Micro and Industry Data |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/547061627526 |
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