Showing 1 - 10 of 1,428
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
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
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
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
Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...
Persistent link: https://www.econbiz.de/10012613388
The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...
Persistent link: https://www.econbiz.de/10012667444
grounded in theory-namely that job protection deregulation should have larger negative effects in industries characterized by …Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver … the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly …
Persistent link: https://www.econbiz.de/10011905906
the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the … consistent with theory, and are robust to a broad range of robustness checks including an Instrumental Variable approach using …
Persistent link: https://www.econbiz.de/10011763890
This paper explores the macroeconomic impacts of labor and product market deregulation using a small open-economy model … product market deregulation, are good at reducing short-term costs. Finally, concerning the speed of adjustment, it is usually …
Persistent link: https://www.econbiz.de/10011704605
markets. Along with increasing GDP and employment, deregulation also leads to lower informality and greater product market …
Persistent link: https://www.econbiz.de/10011705079