Impact of Structural Reformson Productivity Growth in Industrial Countries

January 1, 2002

Preview Citation

Format: Chicago

Ranil M Salgado. Impact of Structural Reformson Productivity Growth in Industrial Countries, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Commodity markets, Financial markets, Labor, Macrostructural analysis, Production, Productivity, Structural reforms, Total factor productivity

Keywords: Average cost, Commodity markets, Growth, Labor productivity growth, Log productivity level, Markup, Price-average cost markup, Product market, Product market reform, Product markets, Productivity, Productivity leader, Structural reforms, Total factor productivity, Trade, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/010
Stock No:

WPIEA0102002
ISBN:

9781451842708
ISSN:

1018-5941

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