theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income …

Which structural reforms affect labour productivity growth in developing countries? This paper answers this question by … that financial reforms, trade reforms, and product market reforms boost labour productivity growth. By documenting the main … channels, our results reveal that the reforms studied stimulate labour productivity growth by inducing dynamic efficiency …

-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth …. Under flexible exchange rates, monetary policy closes output gaps and realizes the associated maximum TFP growth in both … regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When …

-term income and employment growth and supporting social fairness, also via better and more equal opportunities. It provides … growth and inclusiveness, while acknowledging that structural policy changes need to be country-specific to reflect national …

-income countries. Our main finding is that there is indeed evidence of a growth-equity tradeoff for some important reforms. Financial … and capital account liberalization seem to increase both growth and inequality, as do some measures of liberalization of … entail no growth-equity tradeoff-such reforms are good for growth and do not worsen inequality. The results for our index of …