Education, Market Rigidities and Growth

9 Pages Posted: 14 Sep 2010

See all articles by Philippe Aghion

Philippe Aghion

College de France and London School of Economics and Political Science, Fellow; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Philippe Askenazy

IZA Institute of Labor Economics; Paris School of Economics (PSE)

Renaud Bourlès

University of Angers - Research Group in Quantitative Saving (GREQAM); Ecole Centrale Marseille

Gilbert Cette

Banque de France

Nicolas Dromel

Paris School of Economics (PSE)

Multiple version iconThere are 2 versions of this paper

Date Written: January 1, 2009

Abstract

This paper 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, 057

Suggested Citation

Aghion, Philippe and Askenazy, Philippe and Bourlès, Renaud and Cette, Gilbert and Dromel, Nicolas, Education, Market Rigidities and Growth (January 1, 2009). Economics Letters, Forthcoming; Banque de France Working Paper No. 229. Available at SSRN: https://ssrn.com/abstract=1676897

Philippe Aghion (Contact Author)

College de France and London School of Economics and Political Science, Fellow ( email )

London
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Philippe Askenazy

IZA Institute of Labor Economics

Schaumburg-Lippe-Str. 7 / 9
Bonn, D-53072
Germany

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

Renaud Bourlès

University of Angers - Research Group in Quantitative Saving (GREQAM) ( email )

Centre de la Vieille Charité
2, rue de la Charité
Marseille, 13002
France

Ecole Centrale Marseille ( email )

Technopole de Chateau-Gombert
Marseille, 13013
France

Gilbert Cette

Banque de France ( email )

Paris
France

Nicolas Dromel

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

HOME PAGE: http://www.nicolas-dromel.com

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