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Structural Reforms Without Prejudices$
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Tito Boeri, Micael Castanheira, Riccardo Faini, and Vincenzo Galasso

Print publication date: 2006

Print ISBN-13: 9780199203628

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780199203628.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 13 October 2019

Looking Ahead: Will Liberalization Policies Succeed?

Looking Ahead: Will Liberalization Policies Succeed?

Chapter:
(p.105) 6 Looking Ahead: Will Liberalization Policies Succeed?
Source:
Structural Reforms Without Prejudices
Author(s):

Tito Boeri (Contributor Webpage)

Micael Castanheira

Riccardo Faini

Vincenzo Galasso (Contributor Webpage)

Giorgio Barba Navaretti

Carcillo Stéphane

Jonathan Haskel

Giuseppe Nicoletti

Enrico Perotti

Carlo Scarpa

Lidia Tsyganok

Christian Wey

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199203628.003.0007

The case studies of Germany, Italy, and the UK show that liberalization has had positive direct effects on productivity in services, but does not always result in declining prices and employment gains. Liberalization seems to have positive effects on productivity, which — almost invariably because excessively high levels of employment are reduced — increases in all cases where its measurement is possible and reliable. Productivity may even increase well before privatization and liberalization, in anticipation of an increasingly competitive environment.

Keywords:   Germany, Italy, UK, liberalization, productivity, services industry

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