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WP/18/183

IMF Working Paper

Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina

by Lusine Lusinyan

IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

INTERNATIONAL MONETARY FUND

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© 2018 International Monetary Fund

WP/18/183

IMF Working Paper

Western Hemisphere Department

Assessing the Impact of Structural Reforms Through a Supply-side Framework:

The Case of Argentina

Prepared by Lusine Lusinyan

Authorized for distribution by Roberto Cardarelli

August 2018

Contents

  • ABSTRACT

  • A. Motivation

  • B. Framework and Data

  • C. Structural Reforms and Impact on Capital, Labor, and Efficiency

  • D. What is the Potential Impact of Structural Reforms on Growth?

  • E. Conclusion

  • BOXES

  • 1. Production Frontier and Efficiency: A Simple Illustration

  • TABLES

  • 1. Argentina—Structural Policy Areas: Distortions, Effects, and Reform Actions

  • APPENDICES

  • 1. Data Sources and Description

  • 2. Stochastic Frontier Analysis

  • 3. Empirical Results and Robustness Analysis

  • REFERENCES

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Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina
Author:
Ms. Lusine Lusinyan