The short- and medium-term effects of structural reforms: A reassesment

Joana Duran-Franch, Alvaro Leandro, Sébastien Turban, Nicolas Ruiz, Elisa Mitteldorf and Iris Smiderle
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Joana Duran-Franch: OECD
Alvaro Leandro: OECD
Sébastien Turban: OECD
Nicolas Ruiz: OECD
Iris Smiderle: OECD

No 1867, OECD Economics Department Working Papers from OECD Publishing

Abstract: This paper considers the short- and medium-term macroeconomic effects of a broad set of structural policy changes (corporate tax measures, marginal tax wedges, ALMP spending, employment protection legislation, rental market regulations, rail infrastructure investment, and basic research expenditure), building up on the baseline results presented previously in the overview of Foundations for Growth and Competitiveness (F4GC). Using recent econometric methods, it analyzes the robustness of these results and the potential heterogeneities in reforms impacts. The evidence suggests that many reforms deliver measurable short and medium run gains when assessed on the components of growth in GDP per capita.

Keywords: employment; local projection methods; productivity; structural reforms (search for similar items in EconPapers)
JEL-codes: C1 H2 J18 O47 (search for similar items in EconPapers)
Date: 2026-06-15
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1867-en

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