Productivity and Convergence in a Panel of OECD Industries : Do Regulations and Institutions Matter?

Stefano Scarpetta ; Thierry Tressel

Organisation for Economic Co-operation and Development

关键词: innovation;    regulations on product;    labour markets;    convergence;    productivity;   

DOI  :  https://doi.org/10.1787/004581482564

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than in manufacturing and, in the latter sector, it is weaker for high-tech industries. We also find evidence that the impact of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological characteristics, with a stronger impact for technological leaders in high-tech industries. In addition, anti-competitive product market regulations are negatively associated with productivity performance. The negative effect is larger the further a country is from the technological frontier, because such regulations hinder the process of technology adoption. Finally, there is also evidence in the ...