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Evaluating the effects of entry regulations and firing costs on international income differences

机译:评估入境法规和解雇费用对国际收入差异的影响

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This paper analyzes the effects of entry regulations and firing costs on cross-country differences in income and productivity. We construct a general equilibrium industry-dynamics model and quantitatively evaluate it using the cross-country data on entry costs and firing costs. Entry costs lower overall productivity in an economy by keeping low-productivity establishments in operation and making the establishment size inefficiently large. Firing costs lower productivity by reducing the reallocation of labor from low-productivity establishments to high-productivity establishments. The linear regression of the data on the model prediction accounts for 27% of the cross-sectional variation in total factor productivity. Moving the level of entry costs and firing costs from the U.S. level to that of the average of low income countries (countries with a Gross National Income below 2% of the U.S. level) reduces TFP by 27% in the model without capital, and by 34% in the model with capital and capital adjustment costs.
机译:本文分析了入境法规和解雇费用对跨国收入和生产率差异的影响。我们构建了一般均衡的行业动力学模型,并使用关于进入成本和解雇成本的跨国数据对其进行了定量评估。进入成本通过保持低生产率企业的运营并使企业规模效率低下而降低了经济中的整体生产率。解雇成本通过减少劳动力从低生产率场所向高生产率场所的重新分配而降低了生产率。模型预测中数据的线性回归占全要素生产率横截面变化的27%。在没有资本的模型中,将进入成本和解雇成本的水平从美国水平降低到低收入国家(国民总收入低于美国水平2%的国家)的平均水平,可使全要素生产率降低27%,该模型中有34%的资本和资本调整成本。

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