| Description |
1 online resource (71 pages) : color illustrations |
| Series |
IMF working paper ; WP/16/116 |
|
IMF working paper ; WP/16/116.
|
| Summary |
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 |
| Notes |
"June 2016." |
|
At head of title: Research Department |
| Bibliography |
Includes bibliographical references (pages 67-71) |
| Notes |
Description based on online resource; title from pdf title page (IMF.org Web site, viewed August 9, 2016) |
| Subject |
Product management -- Developed countries
|
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Industrial productivity -- Developed countries
|
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Economic development -- Developed countries
|
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Economic development
|
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Industrial productivity
|
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Product management
|
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Developed countries
|
| Form |
Electronic book
|
| Author |
Hijzen, A. (Alexander), author.
|
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International Monetary Fund, publisher.
|
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International Monetary Fund. Research Department, sponsor.
|
| ISBN |
9781475516852 |
|
1475516851 |
| ISSN |
1018-5941 |
|
