Education, Market Rigidities and Growth
Harvard University - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)
Institute for the Study of Labor (IZA); Paris School of Economics (PSE)
French National Center for Scientific Research (CNRS) - Research Group in Quantitative Saving (GREQAM); Ecole Centrale Marseille
Banque de France
Paris School of Economics (PSE)
IZA Discussion Paper No. 3166
This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP growth. The contribution of the interaction between product market regulation and labour market rigidity seems particularly substantial.
Number of Pages in PDF File: 10
Keywords: productivity, growth, regulations, market rigidities, education
JEL Classification: O47, J24, J68, L40, O57working papers series
Date posted: December 5, 2007
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