Structural Reforms and Firms’ Productivity: Evidence from Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Reforms and Firms’ Productivity: Evidence from Developing Countries write by Wilfried A. Kouamé. This book was released on 2018-03-19. Structural Reforms and Firms’ Productivity: Evidence from Developing Countries available in PDF, EPUB and Kindle. This paper assesses the effects of structural reforms on firm-level productivity for 37 developing countries from 2006 to 2014 period. It takes advantage of the IMF Monitoring of Fund Arrangements dataset for reform indexes and the World Bank Enterprise Surveys for firm-level productivity. The paper highlights the following results. Structural reforms such as financial, fiscal, real sector, and trade reforms, significantly improve firm-level productivity. Interestingly, real sector reforms have the most sizeable effects on firm-level productivity. The relationship between structural reforms and firm-level productivity is nonlinear and shaped by some firms’ characteristics such as the financial access, the distortionary environment, and the size of firms. The pace of structural reforms matters since being a “strong reformer” is associated with a clear productivity dividend for firms. Finally, except for financial and trade reforms, all structural reforms under consideration are bilaterally complementary in improving firm-level productivity. These findings are robust to several sensitivity checks.
Structural Reformas and Firms' Productivity
Structural Reformas and Firms' Productivity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Reformas and Firms' Productivity write by Wilfried A. Kouamé. This book was released on 2018. Structural Reformas and Firms' Productivity available in PDF, EPUB and Kindle. This paper assesses the effects of selected structural reforms on labor productivity growth for 37 developing countries over 2006–14. It combines newly constructed reform indexes using the International Monetary Fund’s Monitoring of Fund Arrangements data set and firm-level productivity from the World Bank Enterprise Surveys. The paper highlights the following results. Structural reforms under consideration in this study—financial, fiscal, real sector, and trade reforms—significantly improve productivity at the firm level. Interestingly, real sector reforms have the most sizable effects on firms’ productivity. The relationship between reforms and productivity is nonlinear and shaped by certain characteristics of firms, including financial access, a distortionary environment, and firms’size. The pace of reforms matters, since being a “strong reformer” is associated with a clear productivity dividend for firms. Finally, except for financial and trade reforms, all the macroeconomic reforms considered are bilaterally complementary in improving firms’ productivity. These findings are robust to several sensitivity checks, including alternative methodologies and measures of productivity, and a counterfactual experiment based on unsuccessful reforms.
Structural Reforms and Productivity Growth in Emerging Market and Developing Economies
Structural Reforms and Productivity Growth in Emerging Market and Developing Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Reforms and Productivity Growth in Emerging Market and Developing Economies write by Ms.Era Dabla-Norris. This book was released on 2016-02-09. Structural Reforms and Productivity Growth in Emerging Market and Developing Economies available in PDF, EPUB and Kindle. This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some emerging market and developing economies (EMDEs) than others. Recognizing the possibility of time lags between reform implementation and reform payoffs, the paper also examines how productivity gains from various reforms evolve over the the short- and medium-term.
Structural Reforms and Firms' Productivity
Structural Reforms and Firms' Productivity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Reforms and Firms' Productivity write by Wilfried A. Kouamé. This book was released on 2018. Structural Reforms and Firms' Productivity available in PDF, EPUB and Kindle. This paper assesses the effects of structural reforms on firm-level productivity for 37 developing countries from 2006 to 2014 period. It takes advantage of the IMF Monitoring of Fund Arrangements dataset for reform indexes and the World Bank Enterprise Surveys for firm-level productivity. The paper highlights the following results. Structural reforms such as financial, fiscal, real sector, and trade reforms, significantly improve firm-level productivity. Interestingly, real sector reforms have the most sizeable effects on firm-level productivity. The relationship between structural reforms and firm-level productivity is nonlinear and shaped by some firms’ characteristics such as the financial access, the distortionary environment, and the size of firms. The pace of structural reforms matters since being a “strong reformer” is associated with a clear productivity dividend for firms. Finally, except for financial and trade reforms, all structural reforms under consideration are bilaterally complementary in improving firm-level productivity. These findings are robust to several sensitivity checks.
On the Impact of Structural Reforms on Output and Employment
On the Impact of Structural Reforms on Output and Employment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook On the Impact of Structural Reforms on Output and Employment write by Luiza Antoun de Almeida. This book was released on 2018-04-06. On the Impact of Structural Reforms on Output and Employment available in PDF, EPUB and Kindle. This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds that structural reforms have in general a positive impact on output and employment in the medium term. Furthermore, the paper also assesses whether the impact of structural reforms varies with firm-specific characteristics, such as size, leverage, profitability, and sector. We find evidence that firm characteristics do influence the effectiveness of structural reforms. These findings have relevant policy implications as they help policymakers tailor the design of structural reforms to maximize their payoffs, taking into account their heterogeneous impact on firms.
