Impact of Structural Reformson Productivity Growth in Industrial Countries
January 1, 2002
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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.
Subject: Commodity markets, Financial markets, Labor, Macrostructural analysis, Production, Productivity, Structural reforms, Total factor productivity
Keywords: average cost, Commodity markets, Growth, labor productivity growth, log productivity level, markup, price-average cost markup, product market, product market reform, Product markets, Productivity, productivity leader, Structural reforms, Total factor productivity, Trade, WP
Pages:
26
Volume:
2002
DOI:
Issue:
010
Series:
Working Paper No. 2002/010
Stock No:
WPIEA0102002
ISBN:
9781451842708
ISSN:
1018-5941
