Reigniting labour productivity growth in developing countries: Do structural reforms matter?

Kwamivi Gomado

No wp-2022-87, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: While the negative effects of the 2008 global financial crisis on labour productivity are still fresh in people's minds, the COVID-19 pandemic raises concerns that productivity will continue to decline. To boost labour productivity and regain economic performance, there is an empirical consensus on the role of structural reforms that allows an efficient reallocation of resources such as labour by reducing rigidities in markets. This study analyses the role of certain structural reforms in improving labour productivity in 35 developing countries over the period of 1990-2014.

Keywords: Labour productivity; Business cycles; Economic growth; Reforms (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-eff
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