Growth, Reform Indicators and Policy Complementaries

Jorge Braga de Macedo and Joaquim Oliveira Martins ()

No 12544, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper discusses the design of structural policies by relating second-best results and the complementarity of reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition countries, assuming that the run-up to EU integration corresponds to a nearly complete policy cycle. Using econometric panel estimates, the level of reforms and changes in their complementarity are found to be positively related to output growth, corrected for endogeneity, and given initial conditions and the extent of macroeconomic stabilisation.

JEL-codes: P2 O40 C33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-mac and nep-tra
Date: 2006-09
Note: PR
View list of references

Downloads: (external link)
http://www.nber.org/papers/w12544.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html.

Related works:
Working Paper: Growth, Reform indicators and Policy complementarities (2006)
Journal Article: Growth, reform indicators and policy complementarities (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:nbr:nberwo:12544

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w12544
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc
Address: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Contact information at EDIRC.
Series data maintained by ().