Jonathan Haskel and Raffaella Sadun
We explore the effects of planning regulation on the UK retail sector between 1997 and 2003 using micro-data from the UK census. We document a shift to smaller shops following a 1996 regulatory change that increased the costs of opening large stores. Our analysis suggests that total factor productivity (TFP) of multi-store retail chains fell after the introduction of the reform due to the reduction in store size. Overall, the reduction in store size was associated with TFP of retail chains falling by 0.4% per annum, or 40% of the post-1995 slowdown in UK retail TFP growth.
Keywords: Governing Rules, Regulations, and Reforms;
Growth and Development;
Economic Slowdown and Stagnation;
Management Analysis, Tools, and Techniques;
Haskel, Jonathan, and Raffaella Sadun. "Regulation and UK Retailing Productivity: Evidence from Microdata." Economica (September 2011).
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| HBS Working Paper Series
Managing the Family Firm: Evidence from CEOs at Work
Oriana Bandiera, Andrea Prat and Raffaella Sadun
Managing Firms in an Emerging Economy: Evidence from the Time Use of Indian CEOs
Keywords: Management Style;
Outcome or Result;
| Harvard Business Review
Does Management Really Work?
Nicholas Bloom, Raffaella Sadun and John Van Reenen
Keywords: BEST practices;
EXECUTIVE ability (Management);
SCHOOL management teams;
Division of Faculty & Research
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