Acosta-Ormaechea, Santiago; Komatsuzaki, Takuji; … - 2017
We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic …-friendly fiscal reforms during 1975-2010. We find that in reform countries the annual growth rate of real GDP was on average about 1 … percentage point above their synthetic units 10 years after each respective reform. Moreover, countries which were initially less …