The Short Term Impact of Product Market Reforms is popular PDF and ePub book, written by Peter N. Gal in 2016-06-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Short Term Impact of Product Market Reforms can be Read Online from any device for your convenience.
The Short Term Impact of Product Market Reforms Book PDF Summary
This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms have positive effects on capital, output and employment and their effects increase over time. After two years, they raise capital by 4%, output by 3% and employment by 1.5%. Second, differences in production technology and the nature of product market regulations across sectors generate important differences in the mechanisms through which reforms operate. In network industries, reforms tend to benefit small firms, while the opposite is observed in retail trade. Product market reforms also promote firm entry, particularly those that reduce entry barriers. Third, credit constraints can play an important role in weakening the positive impact of product market reform on investment. Fourth, product market reforms also tend to have positive effects on firms in downstream sectors—both at home and abroad—that make intensive use of intermediate inputs from deregulated sectors.
Detail Book of The Short Term Impact of Product Market Reforms PDF
- Author : Peter N. Gal
- Release : 10 June 2016
- Publisher : International Monetary Fund
- ISBN : 9781475516852
- Genre : Business & Economics
- Total Page : 71 pages
- Language : English
- PDF File Size : 16,7 Mb
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