Original title: Productivity gains from services liberalization in Europe
Authors: Bena, Jan ; Ondko, Peter ; Vourvachaki, E.
Document type: Research reports
Year: 2011
Language: eng
Series: CERGE-EI Working Paper Series, volume: 452
Abstract: As part of the Single Market Program the European Commission commanded the liberalization and regulatory harmonization of utilities, transport and telecommunication services. This paper investigates whether and how this process affected the productivity of European network firms. Exploiting the variation in the timing and degree of liberalization efforts across countries and industries, we find that liberalization increased firm-level productivity but had no reallocation impact. Based on our estimates, the average firm-level productivity gain from liberalization amounts to 38 percent of the average total within-firm productivity gain in network industries. The results underscore the growth-promoting role of liberalization efforts.
Keywords: allocative efficiency; liberalization; productivity
Project no.: CEZ:AV0Z70850503 (CEP), GAP403/11/2293 (CEP), LC542 (CEP)
Funding provider: GA ČR, GA MŠk

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://www.cerge-ei.cz/pdf/wp/Wp452.pdf
Original record: http://hdl.handle.net/11104/0203873

Permalink: http://www.nusl.cz/ntk/nusl-80981


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