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The impressive emergence of China’s economy is set to lose some momentum as the country catches up with more advanced … economies and its rapid ageing also weighs on it. However, China can still reap the “reform dividend”, especially with measures … can potentially bring about significant productivity gains. China has been lowering the burden on start-ups and …
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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...
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Regulatory reforms in Europe and OECD countries in the last decade have focused on various tools that would improve ‘regulatory quality’ by bringing more evidence, science and analysis into policy making. This trend was also followed by Central and Eastern European Countries where regulatory...
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This paper for the first time employs the Time Varying Panel Smooth Transition Regression (TV-PSTR) approach to model the dynamic adjustments of firms and the evolution of India’s industrial structure in the bigger setting of decades against the backdrop of India’s unexpected dramatic...
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