연구보고서OECD Economics Department Working Papers 1354
(The) quantification of structural reforms in OECD countries: A new framework
- 청구기호
- WP 1354
- 발행사항
- Paris : OECD Publishing, 2017
- 형태사항
- 44 p. :. PDF file ;. 1,474 KB
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소장정보
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이용 가능 (1) | ||||
E0002504 | 대출가능 | - |
이용 가능 (1)
- 등록번호
- E0002504
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as observed changes in policies, the paper finds that product market regulation has the largest overall single policy impact five years after the reforms. But the combined impact of all labour market policies is considerably larger than that of product market regulation. The paper also shows that policy impacts can differ at different horizons. The overall long-term effects on GDP per capita of policies transiting through capital deepening can be considerably larger than the 5- to 10-year impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter horizon.