Impact of Structural Reforms on Productivity Growth in Industrial Countries

26 Pages Posted: 30 Jan 2006  

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

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

Ranil Salgado (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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