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Productivity and Convergence in a Panel of OECD Industries: Do Regulations and Institutions Matter?

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  • Stefano Scarpetta
  • Thierry Tressel

Abstract

We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than in manufacturing and, in the latter sector, it is weaker for high-tech industries. We also find evidence that the impact of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological characteristics, with a stronger impact for technological leaders in high-tech industries. In addition, anti-competitive product market regulations are negatively associated with productivity performance. The negative effect is larger the further a country is from the technological frontier, because such regulations hinder the process of technology adoption. Finally, there is also evidence in the ... Productivité et convergence sur un panel de secteurs industriels des pays de l'OCDE : Une analyse de l'impact des règlements et des institutions Dans ce papier, nous analysons l’impact de l’innovation et de la réglementation sur le marche des biens, ainsi que les réglementation et institutions sur le marche du travail, sur la productivité multifactorielle. L'étude est réalisée sur un panel de 23 secteurs dans 18 pays de l’OCDE, à partir d’une nouvelle base de donnée harmonisée. Tout d’abord, nous montrons qu’il y a eu convergence des niveaux de productivité pour la plupart des industries considérées dans les pays de l'échantillon. Néanmoins, la convergence est plus rapide dans les secteurs des services que dans les secteurs manufacturiers; de plus, au sein de la manufacture, la convergence est faible pour les industries high-tech. Nous montrons aussi que l’impact de la recherche et développement (mesurant l’innovation) sur la productivité dépend de la structure de marche et des caracteristiques technologiques, avec un impact plus fort pour le leader technologique dans les secteurs high-tech. D’autre part, les ...

Suggested Citation

  • Stefano Scarpetta & Thierry Tressel, 2002. "Productivity and Convergence in a Panel of OECD Industries: Do Regulations and Institutions Matter?," OECD Economics Department Working Papers 342, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:342-en
    DOI: 10.1787/004581482564
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    More about this item

    Keywords

    convergence; convergence; innovation; innovation; labour markets; productivity; productivité; regulations on product; réglementation sur les marchés des biens et du travail;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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