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Structural Reforms

2018-03-22 Political Science
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Release : 2018-03-22
Genre : Political Science
Kind : eBook
Book Rating : 003/5 ( reviews)

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Book Synopsis Structural Reforms by : Jakob de Haan

Download or read book Structural Reforms written by Jakob de Haan. This book was released on 2018-03-22. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

2016-03-15 Business & Economics
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Release : 2016-03-15
Genre : Business & Economics
Kind : eBook
Book Rating : 243/5 ( reviews)

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Book Synopsis When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies by : MissAnna Rose Bordon

Download or read book When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies written by MissAnna Rose Bordon. This book was released on 2016-03-15. Available in PDF, EPUB and Kindle. Book excerpt: Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which they are conducted. For example, the impact of a reform implemented shortly before a cyclical upswing is difficult to distinguish from the recovery itself. Similarly, macroeconomic policies conducted along a structural reform could affect the estimated impact. Exploring various options, this paper develops robust estimates of the impact of labor and product market reforms by using local projection techniques while controlling for endogeneity of reforms and other biases. The results suggest that labor and product market reforms have a lagged but positive impact on employment creation, and the positive effect remains even after controlling for the endogeneity of the decision to reform. Supportive macroeconomic policies are found to increase the effect of labor and product market reforms, consistent with the view that some structural reforms are best initiated in conjunction with supportive fiscal or monetary policy.

Structural Reforms, Productivity and Technological Change in Latin America

2001 Business & Economics
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Release : 2001
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Structural Reforms, Productivity and Technological Change in Latin America by : Jorge M. Katz

Download or read book Structural Reforms, Productivity and Technological Change in Latin America written by Jorge M. Katz. This book was released on 2001. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.

Structural Reforms and Economic Performance in Advanced and Developing Countries

2009-10-15 Business & Economics
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Release : 2009-10-15
Genre : Business & Economics
Kind : eBook
Book Rating : 181/5 ( reviews)

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Book Synopsis Structural Reforms and Economic Performance in Advanced and Developing Countries by : Mr.Jonathan David Ostry

Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry. This book was released on 2009-10-15. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.

Structural Reforms Without Prejudices

2006-06-15 Business & Economics
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Release : 2006-06-15
Genre : Business & Economics
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Book Rating : 316/5 ( reviews)

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Book Synopsis Structural Reforms Without Prejudices by : Tito Boeri

Download or read book Structural Reforms Without Prejudices written by Tito Boeri. This book was released on 2006-06-15. Available in PDF, EPUB and Kindle. Book excerpt: Our economies face constant challenges from many different directions. Structural reforms are implemented every day, either to grasp the benefits of globalization and technological change, or to avoid foundering on unaffordable welfare systems or the rise of new economies. Despite this flurry of reforms, many of their effects are insufficiently understood. What makes reforms a success or a failure? Why do we witness systematically ambivalent attitudes to reforms? Can governments implement reforms differently, without inflicting prejudice to large fringes of the population? This book explores these issues by comparing a number of reforms, across a large set of countries and sectors. First, through an innovative multisectorial input-output analysis, the authors compare the effects of liberalisation reforms in the telecommunication and electricity sectors across Europe. Surprisingly, they find that very similar and well-intended reforms can generate highly contrasted outcomes. It is also shown that governments must consider the effects of each reform on all sectors of the economy. Second, the authors explore how governments can tailor their reform strategy to alter the redistributive effects of reforms. They show that the government's approach to reforms has been very different across time and across countries. A government's approach depends on local institutions, on the nature of the opposition, and on the scope of the reform under way. The authors, however, show that governments do have alternatives. Often, there are ways to tailor reforms so as to protect specific parts of the population; and there are ways to experiment gradually, to avoid costly policy mistakes.

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