Arbeitspapier

Productivity growth effects of structural reforms: Evidence from developing countries

Which structural reforms affect labour productivity growth in developing countries? This paper answers this question by combining the local projections method and the inverse probability weighted regression adjustment (LP-IPWRA) method. We find that financial reforms, trade reforms, and product market reforms boost labour productivity growth. By documenting the main channels, our results reveal that the reforms studied stimulate labour productivity growth by inducing dynamic efficiency, productive efficiency, and allocative efficiency. However, the results do not find statistical evidence of the ability of reforms to induce structural change. Further analysis taking into account the initial conditions reveals that the impact of reforms is not conditioned by the business cycle, the credit cycle, or whether or not a financial crisis occurs.

Sprache
Englisch
ISBN
978-92-9267-226-3

Erschienen in
Series: WIDER Working Paper ; No. 2022/92

Klassifikation
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Thema
labour productivity
structural reform
local projection method
business cycle

Ereignis
Geistige Schöpfung
(wer)
Gomado, Kwamivi
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2022

DOI
doi:10.35188/UNU-WIDER/2022/226-3
Handle
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gomado, Kwamivi
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2022

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