The quantification of structural reforms: Extending the framework to emerging market economies
This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by the O...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1442 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic outcomes. Lower barriers to foreign trade and investment help MFP. Lower barriers to entry and less pervasive state control of businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates. The paper shows that countries at different level of economic development face different policy impacts. Furthermore, PMR effects depend on the level of labour market regulations. |
| Beschreibung: | 1 Online-Ressource (54 p.) |
| DOI: | 10.1787/f0a6fdcb-en |
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| spelling | Égert, Balázs VerfasserIn aut The quantification of structural reforms Extending the framework to emerging market economies Balázs, Égert Paris OECD Publishing 2017 1 Online-Ressource (54 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1442 This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic outcomes. Lower barriers to foreign trade and investment help MFP. Lower barriers to entry and less pervasive state control of businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates. The paper shows that countries at different level of economic development face different policy impacts. Furthermore, PMR effects depend on the level of labour market regulations. Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/f0a6fdcb-en Volltext |
| spellingShingle | Égert, Balázs The quantification of structural reforms Extending the framework to emerging market economies Economics |
| title | The quantification of structural reforms Extending the framework to emerging market economies |
| title_auth | The quantification of structural reforms Extending the framework to emerging market economies |
| title_exact_search | The quantification of structural reforms Extending the framework to emerging market economies |
| title_full | The quantification of structural reforms Extending the framework to emerging market economies Balázs, Égert |
| title_fullStr | The quantification of structural reforms Extending the framework to emerging market economies Balázs, Égert |
| title_full_unstemmed | The quantification of structural reforms Extending the framework to emerging market economies Balázs, Égert |
| title_short | The quantification of structural reforms |
| title_sort | quantification of structural reforms extending the framework to emerging market economies |
| title_sub | Extending the framework to emerging market economies |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/f0a6fdcb-en |
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