The degree of product market regulation in Finland and estimated effects of reform
Juselius, Mikael (16.04.2015)
Numero
4/2015Julkaisija
Bank of Finland
2015
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201703201185Sisällysluettelo
1 Introduction 3
2 Deregulation, competition and efficiency in the literature 4
3 Measuring the degree of product market regulation 6
3.1 The Product Market Regulation indicator 7
3.2 Product market regulation in non-manufacturing industries 9
3.3 Caveats 9
4 Product market regulation in Finland 10
4.1 Key Finnish product market reforms from 1998 to 2008 12
5 Quantitative assessments of reforms in Finland 13
5.1 Estimated productivity gains of reforms from 1998 to 2008 14
5.2 Potential for future productivity gains 15
6 Conclusions 17
References 18
Appendix A (detailed PMR tables for Finland) 20
Appendix B (econometric estimates) 22
2 Deregulation, competition and efficiency in the literature 4
3 Measuring the degree of product market regulation 6
3.1 The Product Market Regulation indicator 7
3.2 Product market regulation in non-manufacturing industries 9
3.3 Caveats 9
4 Product market regulation in Finland 10
4.1 Key Finnish product market reforms from 1998 to 2008 12
5 Quantitative assessments of reforms in Finland 13
5.1 Estimated productivity gains of reforms from 1998 to 2008 14
5.2 Potential for future productivity gains 15
6 Conclusions 17
References 18
Appendix A (detailed PMR tables for Finland) 20
Appendix B (econometric estimates) 22