Growth and Structural Reforms

preview-18
  • Growth and Structural Reforms Book Detail

  • Author : Mr.Thierry Tressel
  • Release Date : 2009-12-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 54
  • ISBN 13 : 1451874294
  • File Size : 4,4 MB

Growth and Structural Reforms by Mr.Thierry Tressel PDF Summary

Book Description: 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 TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications.

Disclaimer: www.yourbookbest.com does not own Growth and Structural Reforms books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Growth and Structural Reforms

Growth and Structural Reforms

File Size : 63,63 MB
Total View : 4809 Views
DOWNLOAD

This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, an

External Balance in Low Income Countries

External Balance in Low Income Countries

File Size : 48,48 MB
Total View : 9744 Views
DOWNLOAD

This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low i