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Impact of Structural Reformson Productivity Growth in Industrial Countries

This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to adjustment costs and the need for firms to learn how to...

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Bibliographic Details
Main Author: Salgado, Ranil
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Working Papers
Subjects:
Macroeconomic Aspects Of International Trade And Finance: Other
Finance
Labour; Income Economics
Cross-country Output Convergence
Comparative Studies Of Countries
Productivity
Aggregate Productivity
Capital And Total Factor Productivity
Cost
Commodity Exchanges
Industrial Productivity
Production
Macrostructural Analysis
General Financial Markets: General (includes Measurement And Data)
Total Factor Productivity
Labor
Macroeconomics: Production
Financial Markets
Labor Economics: General
Institutions And The Macroeconomy
Macroeconomics
Measurement Of Economic Growth
Capacity
Commodity Markets
Finance: General
Structural Reforms
Production And Operations Management
Labor Economics
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to adjustment costs and the need for firms to learn how to operate in a less regulated and more competitive environment. In the long run, however, structural reforms are found to have significantly positive effects on productivity growth
Physical Description:26 pages
ISBN:9781451842708

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