01975nam a2200301 a 4500 1/51305 051123s2004 lu u pdd 0 0gre 92-894-8365-2 1016-8060 (print) 1725-3187 (online) ECFIN/7140/04-EN 33186 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Nicodeme, Gaetan. Product market reforms and productivity : a review of the theoretical and empirical literature on the transmission channels / Nicodeme Gaetan, Sauner-Leroy Jacques-Bernard Brussels ; Belgium : European Commission: Directorate-General for Economic and Financial Affairs, 2004 29 σ. ; 30 εκ. Product market reforms are structural reforms of microeconomic type that aim at improving the functioning of product markets by increasing competition amongst producers of goods and services. Theoretical models suggest that regulation and reforms which liberalise or improve the functioning of markets can positively affect productivity through three different channels, namely • a reallocation of scarce resources (allocative efficiency), • an improvement in the utilisation of the production factors by firms (productive efficiency) and • an incentive for firms to innovate to move to the modern technology frontier (dynamic efficiency). This paper reviews the theoretical and empirical literature on these three channels. Internal paper Economic Papers Sauner-Leroy, Jacques-Bernard. European Commission : Directorate-General for Economic and Financial Affairs. Economic papers November 2004, No 218 European Economy. Economic papers ; 218 INST UNIPILB KET 20090317 EEEP 218 EEEP 218 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary534_en.htm