Advancing Structural Reforms In Oecd Countries
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Economic Policy Reforms 2016 Going for Growth Interim Report
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 152 |
Release | : 2016-02-26 |
Genre | : |
ISBN | : 9264250085 |
Going for Growth is the OECD’s regular report on structural reforms in policy areas that have been identified as priorities to boost incomes in OECD and selected non-OECD countries (Brazil, China, Colombia, India, Indonesia, Latvia, Russian Federation and South Africa).
Structural Reforms and Economic Performance in Advanced and Developing Countries
Author | : Mr.Jonathan David Ostry |
Publisher | : International Monetary Fund |
Total Pages | : 62 |
Release | : 2009-10-15 |
Genre | : Business & Economics |
ISBN | : 1589068181 |
This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Economic Policy Reforms 2007
Author | : Organisation for Economic Co-operation and Development |
Publisher | : Org. for Economic Cooperation & Development |
Total Pages | : 188 |
Release | : 2007-02-15 |
Genre | : Business & Economics |
ISBN | : |
Across the OECD, governments are seeking to undertake structural reforms to strengthen their economic growth. Based on a broad set of indicators of structural policies and performance, Going for Growth 2007 takes stock of the recent progress made in implementing policy reforms and identifies, for each OECD country, five policy priorities to lift growth. It calls for reforms in areas such as product and labour market regulation, taxation, pension, income support, health and education to boost labour productivity and employment. The set of internationally comparable indicators provided here enables countries to assess their economic performance and structural policies in a broad range of areas. The publication puts together the knowledge accumulated at the OECD in these various fields. In addition, this issue contains four analytical chapters covering: The employment effects of policies and institutions Product market regulation and productivity convergence Policies to strengthen competition in product markets Factors shaping the implementation of structural reform
A Narrative Database of Major Labor and Product Market Reforms in Advanced Economies
Author | : Mr.Romain A Duval |
Publisher | : International Monetary Fund |
Total Pages | : 98 |
Release | : 2018-01-25 |
Genre | : Business & Economics |
ISBN | : 1484339290 |
This paper describes a new database of major labor and product market reforms covering 26 advanced economies over the period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries, employment protection legislation for regular and temporary workers, and the replacement rate and duration of unemployment benefits. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many empirical applications. By contrast, the dataset does not attempt to measure and compare policy settings across countries, and as such is no substitute for other publicly available indicators produced, for example, by the ILO, the OECD or the World Bank. It should also be seen as work in progress, for researchers to build on and improve upon. Based on the dataset, major reforms appear to have been more frequent in product markets than in labor markets in the last decades, and were predominantly implemented during the 1990s and 2000s.
Making Reform Happen Lessons from OECD Countries
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 296 |
Release | : 2010-06-15 |
Genre | : |
ISBN | : 9789264086289 |
This collection of essays analyses the reform experiences of the 30 OECD countries in nine major policy domains in order to identify lessons, pitfalls and strategies that may help foster policy reform in the future.
The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries
Author | : Tompson William |
Publisher | : OECD Publishing |
Total Pages | : 501 |
Release | : 2009-08-24 |
Genre | : |
ISBN | : 9264073116 |
By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.
Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina
Author | : Ms.Lusine Lusinyan |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2018-08-03 |
Genre | : Business & Economics |
ISBN | : 1484362993 |
The paper uses a supply-side framework based on a production function approach to assess the role of structural reforms in boosting long-term GDP growth in Argentina. The impact of product, labor, trade, and tax reforms on each supply-side channel—capital accumulation, labor utilization, and total factor productivity, proxied with an efficiency estimate—is assessed separately and then combined to derive the total impact on growth. The largest effect of structural reforms, involving regulatory changes that promote competition and facilitate flexible forms of employment, comes through the productivity/efficiency channel. Pro-competition regulation also improves labor utilization, while lower entry barriers and trade tariffs are important for capital accumulation. Structural reforms could have substantial effects on Argentina’s long-term GDP growth; for example, an ambitious reform effort to improve business regulatory environment would add 1–11⁄2 percent to average annual growth of GDP.
Making Reform Happen Lessons from OECD Countries
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 300 |
Release | : 2010-05-26 |
Genre | : |
ISBN | : 9264086293 |
This collection of essays analyses the reform experiences of the 30 OECD countries in nine major policy domains in order to identify lessons, pitfalls and strategies that may help foster policy reform in the future.
On the Impact of Structural Reforms on Output and Employment
Author | : Luiza Antoun de Almeida |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2018-04-06 |
Genre | : Business & Economics |
ISBN | : 1484351770 |
This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds that structural reforms have in general a positive impact on output and employment in the medium term. Furthermore, the paper also assesses whether the impact of structural reforms varies with firm-specific characteristics, such as size, leverage, profitability, and sector. We find evidence that firm characteristics do influence the effectiveness of structural reforms. These findings have relevant policy implications as they help policymakers tailor the design of structural reforms to maximize their payoffs, taking into account their heterogeneous impact on firms.