Education, Market Rigidities and Growth
10 Pages Posted: 5 Dec 2007
Date Written: November 2007
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.
Keywords: productivity, growth, regulations, market rigidities, education
JEL Classification: O47, J24, J68, L40, O57
Suggested Citation: Suggested Citation