The trade effects of product market regulation in global value chains: evidence from OECD and BRICS countries between 2000 and 2015
Journal: Empirica
Year: 2023

Abstract Global Value Chains (GVC) have reshaped the landscape of international trade. The quality and intensity of regulation significantly impacts firms' competitiveness and their ability to engage in GVC. Economic literature suggests that regulation of product market competition has a detrimental effect on trade by decreasing productivity, innovation, and economic growth. This paper expands existing knowledge on this relationship by examining the influence of product market regulation (PMR) o