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Firm behavior, market deregulation and productivity in Spain

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorAlonso-Borrego, César
dc.contributor.otherBanco de España
dc.date.accessioned2012-10-23T10:42:26Z
dc.date.available2012-10-23T10:42:26Z
dc.date.issued2010
dc.description.abstractThe aim of this paper is to analyze the evolution of productivity and how firm behavior and institutional conditions affects productivity. For that purpose, we use a longitudinal sample of Spanish manufacturing and services companies between 1983 and 2006, as well as OECD indicators on product market regulations. The productivity measurement is based on the control function approach, to overcome the endogeneity bias. Both for manufacturing and services firms, we have found that the share of temporary employment tends to reduce productivity, the effect being stronger for services firms, which make a more intensive use of this employment type. Our results also show that increases in competition lead to productivity improvements. Besides, those manufacturing firms who keep undertaking inhouse production of services tend to be more productive. The lack of competition in the services sector may be preventing firms to increase specialization while outsourcing nonmanufacturing activities
dc.description.sponsorshipResearch funding from DGI, Spanish Ministry of Education, Grant No. ECO2009-11165, is also acknowledged
dc.format.mimetypeapplication/pdf
dc.identifier.issn0213-2710 (print)
dc.identifier.issn1579-8666 (on line)
dc.identifier.urihttps://hdl.handle.net/10016/15736
dc.language.isoeng
dc.relation.ispartofseriesDocumentos de Trabajo
dc.relation.ispartofseries1035
dc.rights© Banco de España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelL10
dc.subject.jelL11
dc.subject.jelL22
dc.subject.jelL23
dc.subject.jelC23
dc.subject.otherTFP
dc.subject.otherCompetition
dc.subject.otherEmployment composition
dc.subject.otherEndogeneity
dc.titleFirm behavior, market deregulation and productivity in Spain
dc.typeworking paper*
dspace.entity.typePublication
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