Search: deregulation

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RBA Glossary definition for deregulation

deregulation – The progressive removal of controls on entry and operations, intended to enhance competition, and raise the productivity of the major entities in the industry concerned.

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Productivity Growth: The Effect of Market Regulations

1 Jun 2007 RDP 2007-04
Christopher Kent and John Simon
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2007/2007-04.html

Conclusion

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
There is also some evidence that labour and product market deregulation have more of an effect in combination. ... It also appears that product market deregulation has a larger positive effect on productivity growth the further a country is from the
https://www.rba.gov.au/publications/rdp/2007/2007-04/conclusions.html

Results

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
The contribution of product market deregulation depends on the levels of both LMR and the technology gap. ... The estimated marginal effect of labour market deregulation on TFP growth is positive for values of PMR below 5.4.
https://www.rba.gov.au/publications/rdp/2007/2007-04/result.html

Introduction

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
We find tentative support for the hypothesis that lower initial levels of regulation are associated with higher TFP growth over subsequent years, and that labour and product market deregulation have more ... In the case of regulation and productivity,
https://www.rba.gov.au/publications/rdp/2007/2007-04/introduction.html

Literature Review

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
employment arising from deregulation in one market might depend on regulation in another.
https://www.rba.gov.au/publications/rdp/2007/2007-04/literature-review.html