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.
- Language
-
Englisch
- ISBN
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978-92-9267-226-3
- Bibliographic citation
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Series: WIDER Working Paper ; No. 2022/92
- Classification
-
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
- Subject
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labour productivity
structural reform
local projection method
business cycle
- Event
-
Geistige Schöpfung
- (who)
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Gomado, Kwamivi
- Event
-
Veröffentlichung
- (who)
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The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (where)
-
Helsinki
- (when)
-
2022
- DOI
-
doi:10.35188/UNU-WIDER/2022/226-3
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gomado, Kwamivi
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Time of origin
- 2022
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