The quantification of structural reforms:
This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews: i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for an a...
Gespeichert in:
| 1. Verfasser: | |
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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
no.1482 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews: i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how policies interact with each other in OECD countries, and iii.) results extended for emerging-market economies looking at whether policy effects vary across countries depending on the level of economic development and whether institutions have an influence on economic outcomes. The paper lists of policies and institutions that could be used to quantify the effect of reforms. It also gives some guidance on how to quantify reforms in OECD and non-OECD countries. It provides mid-point estimates of the long-run effects on per capita income levels through the three supply-side channels. Finally, it raises the issue of estimation and model uncertainty. |
| Beschreibung: | 1 Online-Ressource (39 p.) |
| DOI: | 10.1787/6d883be1-en |
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| spelling | Égert, Balázs VerfasserIn aut The quantification of structural reforms Balázs, Égert Paris OECD Publishing 2018 1 Online-Ressource (39 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1482 This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews: i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how policies interact with each other in OECD countries, and iii.) results extended for emerging-market economies looking at whether policy effects vary across countries depending on the level of economic development and whether institutions have an influence on economic outcomes. The paper lists of policies and institutions that could be used to quantify the effect of reforms. It also gives some guidance on how to quantify reforms in OECD and non-OECD countries. It provides mid-point estimates of the long-run effects on per capita income levels through the three supply-side channels. Finally, it raises the issue of estimation and model uncertainty. Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/6d883be1-en Volltext |
| spellingShingle | Égert, Balázs The quantification of structural reforms Economics |
| title | The quantification of structural reforms |
| title_auth | The quantification of structural reforms |
| title_exact_search | The quantification of structural reforms |
| title_full | The quantification of structural reforms Balázs, Égert |
| title_fullStr | The quantification of structural reforms Balázs, Égert |
| title_full_unstemmed | The quantification of structural reforms Balázs, Égert |
| title_short | The quantification of structural reforms |
| title_sort | quantification of structural reforms |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/6d883be1-en |
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