Impact of Structural Reformson Productivity Growth in Industrial Countries

Impact of Structural Reformson Productivity Growth in Industrial Countries
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Volume/Issue:
2002/10
Series:
IMF Working Papers
Author(s):
Ranil Salgado
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
January 2002
DOI:
http://dx.doi.org/10.5089/9781451842708.001
ISBN:
9781451842708
ISSN:
1018-5941
Page:
26
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.
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