Impact of Structural Reformson Productivity Growth in Industrial Countries

Author/Editor:

Ranil M Salgado

Publication Date:

January 1, 2002

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to adjustment costs and the need for firms to learn how to operate in a less regulated and more competitive environment. In the long run, however, structural reforms are found to have significantly positive effects on productivity growth.

Series:

Working Paper No. 02/10

Subject:

English

Publication Date:

January 1, 2002

ISBN/ISSN:

9781451842708/1018-5941

Stock No:

WPIEA0102002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

26

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