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Furceri, Davide; Ahmed Hannan, Swarnali; Ostry, … - 2019

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...

Persistent link: https://www.econbiz.de/10012001500

The return of the policy that shall not be named : principles of industrial policy

Chérif, Réda; Hasanov, Fuad - 2019

Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...

Persistent link: https://www.econbiz.de/10012010001

Crises, labor market policy, and unemployment

Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...

Persistent link: https://www.econbiz.de/10009572447

Crises, Labor Market Policy, and Unemployment

Furceri, Davide - 2012

Persistent link: https://www.econbiz.de/10014396963

The leap of the tiger : how Malaysia can escape the middle-income trap

Chérif, Réda; Hasanov, Fuad - 2015

Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in...

Persistent link: https://www.econbiz.de/10011374753

Can policies affect employment intensity of growth? : a cross-country analysis

Crivelli, Ernesto; Furceri, Davide; Toujas-Bernaté, Joël - 2012

The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …

Persistent link: https://www.econbiz.de/10009621620

Job protection deregulation in good and bad times

Duval, Romain; Furceri, Davide; Jalles, João Tovar - 2017

This paper explores the short-term employment effect of deregulating job protection for regular workers and how it … the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the …

Persistent link: https://www.econbiz.de/10011763890

Strategies for reforming Korea’s labor market to foster growth

Dao, Mai; Furceri, Davide; Hwang, Jisoo; Kim, Meeyeon; … - 2014

Persistent link: https://www.econbiz.de/10010441734

Strategies for Reforming Korea’s Labor Market to Foster Growth

Dao, Mai - 2014

employment and reducing duality are likely to be considerable in the medium term …

Persistent link: https://www.econbiz.de/10014411461

Can Policies Affect Employment Intensity of Growth? : A Cross-Country Analysis

Furceri, Davide - 2012

Persistent link: https://www.econbiz.de/10014395704