What do we know about the effects of structural reforms? One main reason the answer may be “little†is inadequate measurement. In this paper we put forward improved measures of economic liberalization across countries over time. We show that structural reforms, carefully measured,...

Despite the many benefits associated with structural reforms, the literature has thus far failed to establish a positive significant effect of reforms on growth. Using data from 43 econometric studies, we show that one third of the coefficients (of reform on growth) are positive and significant,...