Impact of Structural Reforms on Productivity Growth in Industrial Countries

Salgado, Ranil

Download This Paper

Open PDF in Browser

Add Paper to My Library

Impact of Structural Reforms on Productivity Growth in Industrial Countries

IMF Working Paper No. 02/10

26 Pages Posted: 30 Jan 2006

See all articles by Ranil Salgado

Ranil Salgado

International Monetary Fund (IMF) - Research Department

Date Written: January 2002

Abstract

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.

Keywords: Productivity, Growth, Structural reforms, Trade, Product markets

JEL Classification: D24, E23, F49, O47, O57

Suggested Citation: Suggested Citation

Salgado, Ranil, Impact of Structural Reforms on Productivity Growth in Industrial Countries (January 2002). IMF Working Paper No. 02/10, Available at SSRN: https://ssrn.com/abstract=879330