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The macroeconomic effects of labor and product market reforms in Morocco
Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019
This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012122485
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Product market deregulation and growth : new country-industry-level evidence
Bouis, Romain; Duval, Romain; Eugster, Johannes - 2016
The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas,...
Persistent link: https://www.econbiz.de/10011711479
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Barriers to Retail Competition and Prices : Evidence From Spain
Hoffmaister, Alexander W. - 2006
Why do prices in Spain''s regions fail to converge? The prime suspects for this puzzling result are differences in regional barriers to entry in retail distribution. This paper develops a Cournot-Nash model of imperfect competition to illustrate the effect of barriers on prices. A unique data...
Persistent link: https://www.econbiz.de/10014399775
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Entry costs and the macroeconomy
Gutiérrez Gallardo, Germán; Jones, Callum; Philippon, … - 2019
We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by...
Persistent link: https://www.econbiz.de/10012154591
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The U.K. Business Cycle, Monetary Policy, and EMU Entry
Samiei, Hossein - 2000
In the context of the U.K. government’s EMU entry condition of cyclical convergence, this paper (i) provides further evidence suggesting that historically the U.K.’s business cycle has been more volatile than, and relatively independent of, the cycles in the euro-area countries; and (ii)...
Persistent link: https://www.econbiz.de/10014401449
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Trade, Inequality, and the Political Economy of Institutions
Levchenko, Andrei A. - 2006
We analyze the relationship between international trade and the quality of economic institutions, such as contract enforcement, rule of law, and property rights. In our model, firms differ in their preferences for institutional quality, which is determined endogenously in a political economy...
Persistent link: https://www.econbiz.de/10014402396
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Market Liberalization Policies in a Reforming Socialist Economy
Dinopoulos, Elias - 1991
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395972
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Labor and Product Market Deregulation : Partial, Sequential, or Simultaneous Reform?
Berger, Helge - 2005
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results … framework for evaluating deregulation strategies in the presence of reform costs. Optimal deregulation takes various forms … depending on the deregulation costs, the strength of reform interactions, and the perspective of the policymaker. Unless …
Persistent link: https://www.econbiz.de/10014401625
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Liberalization and the Behavior of Output During the Transition From Plan to Market
Hernández-Catá, Ernesto - 1997
This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure...
Persistent link: https://www.econbiz.de/10014403341
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Pricing Debit Card Payment Services : An IO Approach
Tieman, Alexander F. - 2003
per transaction. This theoretic result resembles the current practice in the Netherlands where consumers pay no …
Persistent link: https://www.econbiz.de/10014403871