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3/ Argentina is also the worst performing country among OECD countries re: product market regulation. That is, policies that protect industries (rent seekers) and reduce competition. The recent success of airline deregulation shows how much the country needs competition.pic.twitter.com/T3TilARtcB
4/ they estimate that reforming Argentina’s product market regulations (that is increasing competition and reducing prices and thus raising real wages) will have a huge positive impact on employment, much greater than labour market reform.pic.twitter.com/0xqJ6dlwr9
5/ although there is much more in this paper, the authors end by stating that these reforms will take a long time (decades even) to bear fruit. The challenge for Argentina’s to avoid the populist temptation!pic.twitter.com/W2Bc3mivmM
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