Advancing Structural Reforms in OECD Countries
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Release | : 2010 |
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Release | : 2010 |
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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.
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.
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.
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.
Author | : Organisation for Economic Co-operation and Development |
Publisher | : OECD |
Total Pages | : 356 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : |
Contains the papers presented at the international conference "Interactions between structural reform, macroeconomic policies and economic performance" & summarises discussions held. Part of the follow-up programme of work [from] the OECD jobs study. - On cover: OECD proceedings
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.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 247 |
Release | : 2021-04-14 |
Genre | : |
ISBN | : 9264911375 |
Going for Growth 2021 identifies country-specific structural policy priorities for the recovery across OECD and key non-member countries (Argentina, Brazil, The People’s Republic of China, Costa Rica, India, Indonesia and South Africa). It frames the main policy challenges of the current juncture along three main areas: building resilience; facilitating reallocation and boosting productivity growth for all; and supporting people in transition.
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.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 180 |
Release | : 2007-02-13 |
Genre | : |
ISBN | : 9789264030480 |
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.