{
  "title": "Structural Reforms and Productivity Growth in Emerging Market and Developing Economies",
  "publication": "IMF Working Papers, February 9, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/structural-reforms-and-productivity-growth-in-emerging-market-and-developing-economies-43686",
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  "summary": "This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Authors: Era Dabla-Norris, Giang Ho, Annette J Kyobe\n- Date: February 9, 2016\n- Series: Working Paper No. 2016/015\n- Issue: 015\n- Volume: 2016\n- Pages: 35\n- DOI: https://doi.org/10.5089/9781498306560.001\n- ISBN: 9781498306560\n- ISSN: 1018-5941\n- 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.\n- 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."
    },
    {
      "heading": "Key analytical focus",
      "content": "- Distance-to-frontier framework used to measure how reforms affect productivity relative to global frontier.\n- Assessment of whether particular policies and reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some EMDEs than others.\n- Explicit consideration of time lags between reform implementation and reform payoffs, with separate analysis of short- and medium-term productivity gains."
    },
    {
      "heading": "Sectors and subjects covered",
      "content": "- Agricultural sector\n- Industry\n- Services\n- Labor productivity\n- Total factor productivity (TFP)\n- National accounts and production\n- Personal income"
    },
    {
      "heading": "Keywords and topics emphasized",
      "content": "- Agricultural sector, Agriculture\n- Economic Growth\n- Emerging Market and Developing Countries\n- Global\n- impact of reform\n- income group\n- Industry\n- Institutions\n- Labor productivity\n- payoffs from undertaking banking system reform\n- Personal income\n- Productivity, productivity driver, productivity gain, productivity gains from banking system reform, productivity growth, productivity impact, productivity levels gap, productivity payoff\n- sectoral productivity dynamics\n- Services, services productivity\n- Structural Reforms\n- TFP growth specification\n- Total factor productivity\n- WP"
    },
    {
      "heading": "Implicit policy-relevant considerations (as framed by the paper)",
      "content": "- Importance of tailoring structural and institutional reforms to country development stage and sectoral composition to maximize productivity payoffs.\n- Need to consider time lags when evaluating reform effectiveness—productivity gains may unfold over short- and medium-term horizons.\n- Relevance of banking system reform for productivity gains (explicitly flagged in keywords).\n\nIMF Working Paper No. 2016/015 (February 9, 2016) — Era Dabla-Norris, Giang Ho, Annette J Kyobe.\n\n---\n\n Content in this bundle\n\n- Box 1. The Case of Korea\n  - Box 1. The Case of Korea (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Box 1. The Case of Korea (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/structural-reforms-and-productivity-growth-in-emerging-market-and-developing-economies-43686"
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    "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",
    "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.",
    "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.",
    "Agricultural sector",
    "Industry",
    "Services",
    "Labor productivity",
    "Total factor productivity (TFP)",
    "National accounts and production",
    "Personal income",
    "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",
    "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).",
    "**Box 1. The Case of Korea**"
  ],
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      "title": "Box 1. The Case of Korea",
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