Structural Reforms to Set the Growth Ambition

The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for the interaction with the economic cycle, the paper...

Full description

Bibliographic Details
Main Author: Rovo, Natasha
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2020
Series:World Bank E-Library Archive
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 01562nmm a2200229 u 4500
001 EB002109660
003 EBX01000000000000001249750
005 00000000000000.0
007 cr|||||||||||||||||||||
008 221013 ||| eng
100 1 |a Rovo, Natasha 
245 0 0 |a Structural Reforms to Set the Growth Ambition  |h Elektronische Ressource  |c Rovo, Natasha 
260 |a Washington, D.C  |b The World Bank  |c 2020 
300 |a 42 pages 
700 1 |a Rovo, Natasha 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a World Bank E-Library Archive 
028 5 0 |a 10.1596/1813-9450-9175 
856 4 0 |u http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-9175  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for the interaction with the economic cycle, the paper also investigates whether timing matters. Improvements in human capital, regulatory quality, and government effectiveness have the most impact on potential growth, along with financial development. European Union accession may also boost growth, mainly by encouraging capital deepening. However, changes in labor market regulation and tariffs may have ambiguous effects. Applying the results to Serbia, the analysis demonstrates that closing certain structural gaps with the frontier would help boost its potential