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Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing … or product market reforms. Hence, tackling deep-rooted structural issues during IMF-supported programs often remained … designing structural reforms, and applies it to case studies …
Persistent link: https://www.econbiz.de/10012613388
a methodology that accounts for positive spillovers between the structural reform areas, we estimate that even under the …
Persistent link: https://www.econbiz.de/10012604788
Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic … recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped … the Spanish economy to regain competitiveness and create jobs. But the impact of these labor reforms on income inequality …
Persistent link: https://www.econbiz.de/10012177582
reform process, and partly to the institutional design of the Kazakh treasury. Some design features are common for most well …
Persistent link: https://www.econbiz.de/10014399572
Persistent link: https://www.econbiz.de/10009424828
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growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important …, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0 … 37 years to about 22 years. Low-income countries stand to gain the most from reforms. The largest gains come from …
Persistent link: https://www.econbiz.de/10012518323
At the macro level, productivity is driven by technology and the efficiency of resource allocation, as outcomes of firms' decision making. The relatively high level of resource misallocation in India's formal manufacturing sector is well documented. We build on this research to further...
Persistent link: https://www.econbiz.de/10012518715
This paper estimates the macroeconomic effects of structural reforms in Latin America and the Caribbean (LAC) using the … dataset constructed by Alesina and others (2020). We find that large changes in the reform index have positive effects on GDP … and employment that reach 2 percent after 5 years. Furthermore, reforms boost investment, exports, imports, and reduce …
Persistent link: https://www.econbiz.de/10012391909
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