The quantification of structural reforms in OECD countries: a new framework
"This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment and productivity t...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2017
CESifo |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19287839124910050119-The-quantification-of-structur.htm |
| _version_ | 1771659899405598720 |
|---|---|
| author | Egert, Balázs Gal, Peter N. |
| author_facet | Egert, Balázs Gal, Peter N. |
| collection | Library items |
| description | "This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as observed changes in policies, the paper finds that product market regulation has the largest overall single policy impact five years after the reforms. But the combined impact of all labour market policies is considerably larger than that of product market regulation. The paper also shows that policy impacts can differ at different horizons. The overall long-term effects on GDP per capita of policies transiting through capital deepening can be considerably larger than the 5- to 10-year impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter horizon." |
| format | TEXT |
| geographic | OECD countries |
| id | 19287839124910050119_d37245c043214cb3b734409bc146d565 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19287839124910050119_d37245c043214cb3b734409bc146d565 |
| is_hierarchy_title | The quantification of structural reforms in OECD countries: a new framework |
| language | English |
| physical | 39 p. Digital |
| publishDate | 2017 |
| publisher | Munich CESifo |
| spellingShingle | Egert, Balázs Gal, Peter N. innovation regulation structural change trade labour market policy The quantification of structural reforms in OECD countries: a new framework |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=128089194626 |
| title | The quantification of structural reforms in OECD countries: a new framework |
| topic | innovation regulation structural change trade labour market policy |
| url | https://www.labourline.org/KENTIKA-19287839124910050119-The-quantification-of-structur.htm |