Structural Reforms, Growth and Inequality: An Overview of Theory, Measurement and Evidence

Nauro Campos, Paul De Grauwe and Yuemei Ji ()

No 11159, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This chapter provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that whether structural reforms have a positive or negative impact depends on various factors. The type of reform, timing, sequence and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income inequality. We conclude by proposing a 7-point agenda for future research.

Keywords: economic growth; income inequality; structural reforms (search for similar items in EconPapers)
JEL-codes: E65 O11 O43 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2017-11
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Published - published in N. Campos, P. De Grauwe and Y. Ji (eds.), The Political Economy of Structural Reforms in Europe, Oxford University Press, 2018, 1-44.

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Working Paper: Structural Reforms, Growth and Inequality: An Overview of Theory, Measurement and Evidence (2017)
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