The quantification of structural reforms: Introducing country-specific policy effects
This paper presents country-specific effects of structural reforms. It discusses how sizeable and interesting country-specific effects can be identified in a panel setting by conditioning the impact of individual policies on their own level or on the stance of other policies and institutions. This a...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2018
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper presents country-specific effects of structural reforms. It discusses how sizeable and interesting country-specific effects can be identified in a panel setting by conditioning the impact of individual policies on their own level or on the stance of other policies and institutions. This approach allows for the incorporation of a potentially large set of additional policy areas including institutions and policy areas with limited time-series availability (e.g. sub-components of the Product Market Regulation indicator, housing market regulations and policies, Doing Business indicators and the quality of institutions such as the rule of law indicator or the efficiency of the legal system). Results suggest that for instance, when more stringent product market regulation hurts more in more open economies. Better institutions amplify the positive effect of R&D spending. Tax wedge reduction leads to less employment gains when EPL is not very stringent |
| Beschreibung: | 1 Online-Ressource (29 Seiten) |
| DOI: | 10.1787/885727c3-en |
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| spelling | Égert, Balázs Verfasser aut The quantification of structural reforms Introducing country-specific policy effects Balázs Égert and Peter Gal Paris OECD Publishing 2018 1 Online-Ressource (29 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper presents country-specific effects of structural reforms. It discusses how sizeable and interesting country-specific effects can be identified in a panel setting by conditioning the impact of individual policies on their own level or on the stance of other policies and institutions. This approach allows for the incorporation of a potentially large set of additional policy areas including institutions and policy areas with limited time-series availability (e.g. sub-components of the Product Market Regulation indicator, housing market regulations and policies, Doing Business indicators and the quality of institutions such as the rule of law indicator or the efficiency of the legal system). Results suggest that for instance, when more stringent product market regulation hurts more in more open economies. Better institutions amplify the positive effect of R&D spending. Tax wedge reduction leads to less employment gains when EPL is not very stringent Economics Gal, Peter ctb https://doi.org/10.1787/885727c3-en Verlag kostenfrei Volltext |
| spellingShingle | Égert, Balázs The quantification of structural reforms Introducing country-specific policy effects Economics |
| title | The quantification of structural reforms Introducing country-specific policy effects |
| title_auth | The quantification of structural reforms Introducing country-specific policy effects |
| title_exact_search | The quantification of structural reforms Introducing country-specific policy effects |
| title_exact_search_txtP | The quantification of structural reforms Introducing country-specific policy effects |
| title_full | The quantification of structural reforms Introducing country-specific policy effects Balázs Égert and Peter Gal |
| title_fullStr | The quantification of structural reforms Introducing country-specific policy effects Balázs Égert and Peter Gal |
| title_full_unstemmed | The quantification of structural reforms Introducing country-specific policy effects Balázs Égert and Peter Gal |
| title_short | The quantification of structural reforms |
| title_sort | the quantification of structural reforms introducing country specific policy effects |
| title_sub | Introducing country-specific policy effects |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/885727c3-en |
| work_keys_str_mv | AT egertbalazs thequantificationofstructuralreformsintroducingcountryspecificpolicyeffects AT galpeter thequantificationofstructuralreformsintroducingcountryspecificpolicyeffects |