The Quantification of Structural Reforms: Taking Stock of the Results for OECD and Non-OECD Countries

38 Pages Posted: 28 Dec 2020

See all articles by Balázs Égert

Balázs Égert

Organization for Economic Co-Operation and Development (OECD); CESifo (Center for Economic Studies and Ifo Institute); Université Paris X Nanterre - Department of Economics; William Davidson Institute

Date Written: 2020

Abstract

This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how policies interact with each other in OECD countries, and iii.) results extended for emerging-market economies looking at whether policy effects vary across countries depending on the level of economic development and whether institutions have an influence on economic outcomes. The paper lists of policies and institutions that could be used to quantify the effect of reforms. It also gives some guidance on how to quantify reforms in OECD and non-OECD countries. It provides mid-point estimates of the long-run effects on per capita income levels through the three supply-side channels. Finally, it raises the issue of estimation and model uncertainty.

JEL Classification: D240, E170, E220, E240, J080

Suggested Citation

Egert, Balazs, The Quantification of Structural Reforms: Taking Stock of the Results for OECD and Non-OECD Countries (2020). CESifo Working Paper No. 8778, Available at SSRN: https://ssrn.com/abstract=3751869 or http://dx.doi.org/10.2139/ssrn.3751869

Balazs Egert (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Université Paris X Nanterre - Department of Economics

Nanterre Cedex, 92001
France

William Davidson Institute

724 E. University Ave.
Wyly Hall
Ann Arbor, MI 48109-1234
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
71
Abstract Views
298
Rank
589,475
PlumX Metrics