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Book Cover
E-book
Author Christiansen, Lone Engbo.

Title Growth and Structural Reforms
Published Washington : International Monetary Fund, 2009
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Description 1 online resource (54 pages)
Series IMF Working Papers
IMF Working Papers
Contents I. Introduction; II. Related Literature; III. The Empirical Model; A. Standard Growth Regressions; B. Dynamic Effects of Reforms; IV. Data Description; A. Data; B. Descriptive Statistics; V. Main Results; A. Standard growth regressions; B. Dynamic Effects of Reforms; VI. Robustness Tests and endogeneity; A. Robustness tests; B. Endogeneity; VII. Reform Sequencing and Economic Performance; VIII. Conclusion; References; Figures; 1. ReformEpisodes; Tables; 1. Country Sample; 2. Summary Statistices; 3. Bivariate Correlations; 4. Standard Growth Regressions
5. The Channels of the Effects of Liberalizations6. System GMM Regressions; 7. Baseline: Dynamic Effect of Reforms; 8. Channels Dynamic Effects of Reforms; 9. Robustness Tests Dynamic Effect of Reforms; 10. Dynamic Effect of Reforms on TFP and Investment Robustness; 11. A. Instrumental Variables Regressions Second Stage; B. Instrumental Variable Regressions Frist Stage; 12. Sequencing Economic and Political Reforms; Appendix Table: 2 SLS Regressions
Summary This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate T
Notes Print version record
Form Electronic book
Author Schindler, Martin
Tressel, Thierry.
ISBN 1452742995
9781452742991