Structural Reforms and Productivity Growth in Emerging Market and Developing Economies

IMF Working Papers, February 9, 2016

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Structural Reforms and Productivity Growth in Emerging Market and Developing Economies

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Bibliographic details

• Authors: Era Dabla-Norris, Giang Ho, Annette J Kyobe
• Published: February 9, 2016
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781498306560.001

Summary

• Authors: Era Dabla-Norris, Giang Ho, Annette J Kyobe
• Date: February 9, 2016
• Series: Working Paper No. 2016/015
• Issue: 015
• Volume: 2016
• Pages: 35
• DOI: https://doi.org/10.5089/9781498306560.001
• ISBN: 9781498306560
• ISSN: 1018-5941
• Core objective: Empirically assess the role of structural and institutional reforms in driving productivity growth across countries at different stages of development using a distance-to-frontier framework.
• Scope: Aggregate and sectoral productivity growth in emerging market and developing economies (EMDEs); examination of time lags between reform implementation and productivity payoffs; analysis of short- and medium-term evolution of productivity gains from various reforms.

Key analytical focus

• Distance-to-frontier framework used to measure how reforms affect productivity relative to global frontier.
• Assessment of whether particular policies and reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some EMDEs than others.
• Explicit consideration of time lags between reform implementation and reform payoffs, with separate analysis of short- and medium-term productivity gains.

Sectors and subjects covered

• Agricultural sector
• Industry
• Services
• Labor productivity
• Total factor productivity (TFP)
• National accounts and production
• Personal income

Keywords and topics emphasized

• Agricultural sector, Agriculture
• Economic Growth
• Emerging Market and Developing Countries
• Global
• impact of reform
• income group
• Industry
• Institutions
• Labor productivity
• payoffs from undertaking banking system reform
• Personal income
• Productivity, productivity driver, productivity gain, productivity gains from banking system reform, productivity growth, productivity impact, productivity levels gap, productivity payoff
• sectoral productivity dynamics
• Services, services productivity
• Structural Reforms
• TFP growth specification
• Total factor productivity
• WP

Implicit policy-relevant considerations (as framed by the paper)

• Importance of tailoring structural and institutional reforms to country development stage and sectoral composition to maximize productivity payoffs.
• Need to consider time lags when evaluating reform effectiveness—productivity gains may unfold over short- and medium-term horizons.
• Relevance of banking system reform for productivity gains (explicitly flagged in keywords).

IMF Working Paper No. 2016/015 (February 9, 2016) — Era Dabla-Norris, Giang Ho, Annette J Kyobe.

Content in this bundle

• Box 1. The Case of Korea
  • Box 1. The Case of Korea (Markdown version)
  • Box 1. The Case of Korea (PDF)