Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102566
Authors: 
Babecký, Jan
Havránek, Tomáš
Year of Publication: 
2013
Series/Report no.: 
IES Working Paper 14/2013
Abstract: 
The present fiscal difficulties of many countries amplify the call for structural reforms. To provide stylized facts on how reforms worked in the past, we quantitatively review 60 studies estimating the relation between reforms and growth. These studies examine structural reforms carried out in 26 transition countries around the world. Our results show that an average reform caused substantial costs in the short run, but had strong positive effects on long-run growth. Reforms focused on external liberalization proved to be more beneficial than others in both the short and long run. The findings hold even after correction for publication bias and misspecifications present in some primary studies.
Subjects: 
Structural reforms
growth
transition economies
meta-analysis
Bayesian model averaging
JEL: 
C83
O11
P21
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size
722.42 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.