On the Impact of Structural Reforms on Output and Employment Evidence from a Cross-country Firm-level Analysis

This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds that...

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Bibliographic Details
Main Author: Antoun de Almeida, Luiza
Other Authors: Balasundharam, Vybhavi
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a On the Impact of Structural Reforms on Output and Employment  |b Evidence from a Cross-country Firm-level Analysis  |c Luiza Antoun de Almeida, Vybhavi Balasundharam 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2018 
300 |a 35 pages 
651 4 |a Bosnia and Herzegovina 
653 |a Macrostructural analysis 
653 |a Wages 
653 |a Firm Behavior: Empirical Analysis 
653 |a Income economics 
653 |a Labor 
653 |a Financial markets 
653 |a Structural reforms 
653 |a Production and Operations Management 
653 |a Manpower policy 
653 |a Production 
653 |a Economic theory 
653 |a Institutions and the Macroeconomy 
653 |a Aggregate Labor Productivity 
653 |a Macroeconomics: Production 
653 |a Implementation 
653 |a Finance: General 
653 |a Commodity markets 
653 |a Employment 
653 |a Commodity exchanges 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Labor market reforms 
653 |a Industrial productivity 
653 |a Unemployment 
653 |a Intergenerational Income Distribution 
653 |a Aggregate Human Capital 
653 |a Microeconomic Policy: Formulation 
653 |a Finance 
653 |a Labor Economics Policies 
653 |a Productivity 
653 |a Production growth 
653 |a Economics of Regulation 
653 |a Evaluation 
653 |a Labour 
653 |a Macroeconomics 
700 1 |a Balasundharam, Vybhavi 
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520 |a This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds that structural reforms have in general a positive impact on output and employment in the medium term. Furthermore, the paper also assesses whether the impact of structural reforms varies with firm-specific characteristics, such as size, leverage, profitability, and sector. We find evidence that firm characteristics do influence the effectiveness of structural reforms. These findings have relevant policy implications as they help policymakers tailor the design of structural reforms to maximize their payoffs, taking into account their heterogeneous impact on firms