Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia /:
Using data from the World Economic Forum's Global Competitiveness Report as an example, this paper compares structural indicators for 25 countries in Emerging Europe, the Caucasus, and Central Asia with a generic country with similar charactersitics that is 40 percent richer as well as a countr...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Schriftenreihe: | IMF working paper ;
WP/17/82. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Using data from the World Economic Forum's Global Competitiveness Report as an example, this paper compares structural indicators for 25 countries in Emerging Europe, the Caucasus, and Central Asia with a generic country with similar charactersitics that is 40 percent richer as well as a country with the average EU income. This comparison suggests that improvements will be particularly crucial in the areas of institutions, financial market development, infrastructure, goods and labor market efficiency and areas related to innovation. For the generally more ambitious goal of reaching average EU income, the reform needs are correspondingly larger. The methodology focuses on (approximate) comparisons between countries and does not try to establish the link between structural reforms and growth. While we test for changes in empirical specifications, caveats relate to the quality of structural indicators, possible non-linearities, and reform complementarities. The approach can be applied to other indicators and at a more granular level. |
| Beschreibung: | Figure 4. GCR and Doing Business Score Gaps ComparedFigure 5: Reform Gaps: OLS vs. Stochastic Frontier. |
| Beschreibung: | 1 online resource (44 pages) |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781475590654 1475590652 147559061X 9781475590616 |
| ISSN: | 1018-5941 ; |
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| 100 | 1 | |a Funke, Norbert, |e author. | |
| 245 | 1 | 0 | |a Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / |c Norbert Funke, Asel Isakova, and Maksym Ivanyna. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2017. | ||
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| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover; CONTENTS; Abstract; I. Introduction; II. Structural Reform Gaps: Estimation; III. Benchmarking: Results; IV. Reform Gaps Disaggregated; V. Robustness Checks; V.1 Reform Gaps over Time and across Income Groups; V.2 Reform Gaps with Doing Business Indicators; V.3 Reform Gaps Using Stochastic Frontier Analysis; V.4 Reform Gaps: Additional Alternative Specifications; VI. Conclusions; References; TABLES; Table 1. Regression Results: Initial Specification. | |
| 505 | 8 | |a Table 2. Reform Needs Based on Comparing Structural Reform Indicators in Emerging ECA Relative to a Generic Country with 40 Percent Higher per Capita IncomeTable 3. Reform Needs Based on Benchmarking Structural Reform Indicators in Emerging ECA Relative to EU Average Income; Table 4. Largest Reform Gaps at a More Disaggregated Level; Table 5. GCR and. Doing Business Indicators Gaps; FIGURES; Figure 1. GCR score and GDP per capita in 2015; Figure 2. Global Competitiveness and Real GDP Per Capita, 2015; Figure 3. Reform Gaps: Comparing Structural Reform Indicators to Various Benchmarks. | |
| 500 | |a Figure 4. GCR and Doing Business Score Gaps ComparedFigure 5: Reform Gaps: OLS vs. Stochastic Frontier. | ||
| 520 | 3 | |a Using data from the World Economic Forum's Global Competitiveness Report as an example, this paper compares structural indicators for 25 countries in Emerging Europe, the Caucasus, and Central Asia with a generic country with similar charactersitics that is 40 percent richer as well as a country with the average EU income. This comparison suggests that improvements will be particularly crucial in the areas of institutions, financial market development, infrastructure, goods and labor market efficiency and areas related to innovation. For the generally more ambitious goal of reaching average EU income, the reform needs are correspondingly larger. The methodology focuses on (approximate) comparisons between countries and does not try to establish the link between structural reforms and growth. While we test for changes in empirical specifications, caveats relate to the quality of structural indicators, possible non-linearities, and reform complementarities. The approach can be applied to other indicators and at a more granular level. | |
| 650 | 0 | |a Monetary policy |z Europe |x Econometric models. | |
| 650 | 0 | |a Monetary policy |z Caucasus |x Econometric models. | |
| 650 | 0 | |a Monetary policy |z Asia, Central |x Econometric models. | |
| 650 | 0 | |a Business cycles |x Econometric models. | |
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| 650 | 6 | |a Politique monétaire |z Europe |x Modèles économétriques. | |
| 650 | 6 | |a Politique monétaire |z Caucase |x Modèles économétriques. | |
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| 650 | 6 | |a Cycles économiques |x Modèles économétriques. | |
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| 700 | 1 | |a Isakova, Asel, |e author. | |
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| 776 | 0 | 8 | |i Print version: |a Funke, Norbert. |t Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia. |d Washington, D.C. : International Monetary Fund, ©2017 |z 9781475590616 |
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| author | Funke, Norbert Isakova, Asel Ivanyna, Maksym |
| author_GND | http://id.loc.gov/authorities/names/no2015099554 |
| author_facet | Funke, Norbert Isakova, Asel Ivanyna, Maksym |
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| contents | Cover; CONTENTS; Abstract; I. Introduction; II. Structural Reform Gaps: Estimation; III. Benchmarking: Results; IV. Reform Gaps Disaggregated; V. Robustness Checks; V.1 Reform Gaps over Time and across Income Groups; V.2 Reform Gaps with Doing Business Indicators; V.3 Reform Gaps Using Stochastic Frontier Analysis; V.4 Reform Gaps: Additional Alternative Specifications; VI. Conclusions; References; TABLES; Table 1. Regression Results: Initial Specification. Table 2. Reform Needs Based on Comparing Structural Reform Indicators in Emerging ECA Relative to a Generic Country with 40 Percent Higher per Capita IncomeTable 3. Reform Needs Based on Benchmarking Structural Reform Indicators in Emerging ECA Relative to EU Average Income; Table 4. Largest Reform Gaps at a More Disaggregated Level; Table 5. GCR and. Doing Business Indicators Gaps; FIGURES; Figure 1. GCR score and GDP per capita in 2015; Figure 2. Global Competitiveness and Real GDP Per Capita, 2015; Figure 3. Reform Gaps: Comparing Structural Reform Indicators to Various Benchmarks. |
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| indexdate | 2024-11-27T13:27:52Z |
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| series | IMF working paper ; |
| series2 | IMF Working paper, |
| spelling | Funke, Norbert, author. Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / Norbert Funke, Asel Isakova, and Maksym Ivanyna. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (44 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working paper, 1018-5941 ; WP/17/82 Includes bibliographical references and index. Print version record. Cover; CONTENTS; Abstract; I. Introduction; II. Structural Reform Gaps: Estimation; III. Benchmarking: Results; IV. Reform Gaps Disaggregated; V. Robustness Checks; V.1 Reform Gaps over Time and across Income Groups; V.2 Reform Gaps with Doing Business Indicators; V.3 Reform Gaps Using Stochastic Frontier Analysis; V.4 Reform Gaps: Additional Alternative Specifications; VI. Conclusions; References; TABLES; Table 1. Regression Results: Initial Specification. Table 2. Reform Needs Based on Comparing Structural Reform Indicators in Emerging ECA Relative to a Generic Country with 40 Percent Higher per Capita IncomeTable 3. Reform Needs Based on Benchmarking Structural Reform Indicators in Emerging ECA Relative to EU Average Income; Table 4. Largest Reform Gaps at a More Disaggregated Level; Table 5. GCR and. Doing Business Indicators Gaps; FIGURES; Figure 1. GCR score and GDP per capita in 2015; Figure 2. Global Competitiveness and Real GDP Per Capita, 2015; Figure 3. Reform Gaps: Comparing Structural Reform Indicators to Various Benchmarks. Figure 4. GCR and Doing Business Score Gaps ComparedFigure 5: Reform Gaps: OLS vs. Stochastic Frontier. Using data from the World Economic Forum's Global Competitiveness Report as an example, this paper compares structural indicators for 25 countries in Emerging Europe, the Caucasus, and Central Asia with a generic country with similar charactersitics that is 40 percent richer as well as a country with the average EU income. This comparison suggests that improvements will be particularly crucial in the areas of institutions, financial market development, infrastructure, goods and labor market efficiency and areas related to innovation. For the generally more ambitious goal of reaching average EU income, the reform needs are correspondingly larger. The methodology focuses on (approximate) comparisons between countries and does not try to establish the link between structural reforms and growth. While we test for changes in empirical specifications, caveats relate to the quality of structural indicators, possible non-linearities, and reform complementarities. The approach can be applied to other indicators and at a more granular level. Monetary policy Europe Econometric models. Monetary policy Caucasus Econometric models. Monetary policy Asia, Central Econometric models. Business cycles Econometric models. Economics Psychological aspects Econometric models. Politique monétaire Europe Modèles économétriques. Politique monétaire Caucase Modèles économétriques. Politique monétaire Asie centrale Modèles économétriques. Cycles économiques Modèles économétriques. Économie politique Aspect psychologique Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Business cycles Econometric models fast Monetary policy Econometric models fast Central Asia fast Caucasus fast https://id.oclc.org/worldcat/entity/E39PBJvmQdDFKvWPC3kQ3WRdwC Europe fast https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq Isakova, Asel, author. Ivanyna, Maksym, author. http://id.loc.gov/authorities/names/no2015099554 Print version: Funke, Norbert. Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia. Washington, D.C. : International Monetary Fund, ©2017 9781475590616 IMF working paper ; WP/17/82. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1529329 Volltext |
| spellingShingle | Funke, Norbert Isakova, Asel Ivanyna, Maksym Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / IMF working paper ; Cover; CONTENTS; Abstract; I. Introduction; II. Structural Reform Gaps: Estimation; III. Benchmarking: Results; IV. Reform Gaps Disaggregated; V. Robustness Checks; V.1 Reform Gaps over Time and across Income Groups; V.2 Reform Gaps with Doing Business Indicators; V.3 Reform Gaps Using Stochastic Frontier Analysis; V.4 Reform Gaps: Additional Alternative Specifications; VI. Conclusions; References; TABLES; Table 1. Regression Results: Initial Specification. Table 2. Reform Needs Based on Comparing Structural Reform Indicators in Emerging ECA Relative to a Generic Country with 40 Percent Higher per Capita IncomeTable 3. Reform Needs Based on Benchmarking Structural Reform Indicators in Emerging ECA Relative to EU Average Income; Table 4. Largest Reform Gaps at a More Disaggregated Level; Table 5. GCR and. Doing Business Indicators Gaps; FIGURES; Figure 1. GCR score and GDP per capita in 2015; Figure 2. Global Competitiveness and Real GDP Per Capita, 2015; Figure 3. Reform Gaps: Comparing Structural Reform Indicators to Various Benchmarks. Monetary policy Europe Econometric models. Monetary policy Caucasus Econometric models. Monetary policy Asia, Central Econometric models. Business cycles Econometric models. Economics Psychological aspects Econometric models. Politique monétaire Europe Modèles économétriques. Politique monétaire Caucase Modèles économétriques. Politique monétaire Asie centrale Modèles économétriques. Cycles économiques Modèles économétriques. Économie politique Aspect psychologique Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Business cycles Econometric models fast Monetary policy Econometric models fast |
| title | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / |
| title_auth | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / |
| title_exact_search | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / |
| title_full | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / Norbert Funke, Asel Isakova, and Maksym Ivanyna. |
| title_fullStr | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / Norbert Funke, Asel Isakova, and Maksym Ivanyna. |
| title_full_unstemmed | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / Norbert Funke, Asel Isakova, and Maksym Ivanyna. |
| title_short | Identifying Structural Reform Gaps in Emerging Europe, the Caucasus, and Central Asia / |
| title_sort | identifying structural reform gaps in emerging europe the caucasus and central asia |
| topic | Monetary policy Europe Econometric models. Monetary policy Caucasus Econometric models. Monetary policy Asia, Central Econometric models. Business cycles Econometric models. Economics Psychological aspects Econometric models. Politique monétaire Europe Modèles économétriques. Politique monétaire Caucase Modèles économétriques. Politique monétaire Asie centrale Modèles économétriques. Cycles économiques Modèles économétriques. Économie politique Aspect psychologique Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Business cycles Econometric models fast Monetary policy Econometric models fast |
| topic_facet | Monetary policy Europe Econometric models. Monetary policy Caucasus Econometric models. Monetary policy Asia, Central Econometric models. Business cycles Econometric models. Economics Psychological aspects Econometric models. Politique monétaire Europe Modèles économétriques. Politique monétaire Caucase Modèles économétriques. Politique monétaire Asie centrale Modèles économétriques. Cycles économiques Modèles économétriques. Économie politique Aspect psychologique Modèles économétriques. BUSINESS & ECONOMICS Finance. Business cycles Econometric models Monetary policy Econometric models Central Asia Caucasus Europe |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1529329 |
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