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Working Paper Series no. 229: Education, Market Rigidities and Growth

By Aghion Philippe, Askenazy Philippe, Bourlès Renaud, , Dromel Nicolas

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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.

Philippe Aghion, Philippe Askenazy, Renaud Bourlès, Gilbert Cette and Nicolas Dromel
January 2009

Classification JEL : O47, J24, J68; L40, 057.

Keywords : Productivity, Growth, Regulations, Market Rigidities, Education

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Working Paper Series no. 229: Education, Market Rigidities and Growth
  • Published on 01/01/2009
  • EN
  • PDF (150.3 KB)
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Updated on: 06/12/2018 11:00