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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
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
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and … and innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with …, while economists are naturally in favor of market size as a driving force for innovation (i.e.'if the market size is …
Persistent link: https://www.econbiz.de/10012518690
Persistent link: https://www.econbiz.de/10011281888
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
full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector. The … deregulation reform are relatively small due to the smal size of professional services in Germany. Policy reforms i) and ii) have …
Persistent link: https://www.econbiz.de/10011711350
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
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
This paper describes a new database of major labor and product market reforms covering 26 advanced economies over the period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries, employment protection legislation for regular and temporary...
Persistent link: https://www.econbiz.de/10011799330