The Role of Policy and Institutions for Productivity and Firm Dynamics : Evidence from Micro and Industry Data

Stefano Scarpetta ; Philip Hemmings ; Thierry Tressel ; Jaejoon Woo

Organisation for Economic Co-operation and Development

关键词: micro and industry data;    firm dynamics;    productivity;    regulation;    institutions;   

DOI  :  https://doi.org/10.1787/547061627526

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

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 ...