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Public policies, productivity and economic growth in OECD countries

Author

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  • Luigi Burroni

    (CEE - Centre d'études européennes et de politique comparée (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique, UniFI - Università degli Studi di Firenze = University of Florence = Université de Florence)

Abstract

Since mid-1990s social sciences have re-started to give attention to the role played by the state in promoting economic growth, with important contributions from economists, sociologists and political scientists. This attention further increased after the economic and financial crisis of 2007/08 with a rising strand of research that is focusing on the institutional foundations of different growth models in advanced economies. This paper is related to this wide strand of research and analyses how industrial policies can favor the emerging of institutional conditions that are conducive to economic growth. In particular, the paper analyzes the neglected relationship between public policies and labor productivity in OECD countries. The focus is on four policy arenas that have a direct impact on labor productivity: labor market, human capital, innovation and on the efficiency of public administration. The analysis underlines a strong association between labour productivity and public policies addressed to promote training and activation, tha quality of educational institutions and inter-institutional networks in innovation. Other kind of policies, such as those addressed to flexibilise the labour market or to reduce labour costs or to increase the average number of years of schooling seem to play a minor role.

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  • Luigi Burroni, 2020. "Public policies, productivity and economic growth in OECD countries," SciencePo Working papers Main hal-03455959, HAL.
  • Handle: RePEc:hal:spmain:hal-03455959
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03455959
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    References listed on IDEAS

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    1. Korpi, Walter, 1996. "Eurosclerosis and the Sclerosis of Objectivity: On the Role of Values among Economic Policy Experts," Economic Journal, Royal Economic Society, vol. 106(439), pages 1727-1746, November.
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    4. Amable, Bruno & Ledezma, Ivan & Robin, Stéphane, 2016. "Product market regulation, innovation, and productivity," Research Policy, Elsevier, vol. 45(10), pages 2087-2104.
    5. Robert J. Gordon, 2016. "Perspectives on The Rise and Fall of American Growth," American Economic Review, American Economic Association, vol. 106(5), pages 72-76, May.
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    Keywords

    Industrial Policies; Labour Market Regulation; Education; Labour Productivity; Economic Growth;
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