Education, Market Rigidities and Growth

Philippe Aghion (1) , Philippe Askenazy (2, 3, 4, 5) , Renaud Bourlès (6) , Gilbert Cette (4) , Nicolas Dromel (2, 7)

1 Department of Economics, Harvard University
2 PSE - Paris School of Economics
3 IZA - Institute for the Study of Labor
4 Centre de recherche de la Banque de France
5 PJSE - Paris-Jourdan Sciences Economiques
6 GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille
7 CES - Centre d'économie de la Sorbonne

The paper exploits macro-panel data for OECD countries. Close to the technological frontier, the education level, product market rigidities and employment protection legislation would be significantly related to TFP growth, with a substantial contribution of the interaction between market rigidities.

Mots clés: Productivity; Growth; Regulations; Market Rigidities; Education

Domaines: Economies et finances

Philippe Aghion, Philippe Askenazy, Renaud Bourlès, Gilbert Cette, Nicolas Dromel. Education, Market Rigidities and Growth. Economics Letters, 2009, 102, pp.62-65. ⟨10.1016/j.econlet.2008.11.025⟩. ⟨halshs-00640855⟩