Structural Reforms and Productivity Growth in Emerging Market and Developing Economies

Era Dabla-Norris, Giang Ho and Annette Kyobe

No 2016/015, IMF Working Papers from International Monetary Fund

Abstract: This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some emerging market and developing economies (EMDEs) than others. Recognizing the possibility of time lags between reform implementation and reform payoffs, the paper also examines how productivity gains from various reforms evolve over the the short- and medium-term.

Keywords: WP; productivity growth; income group; Total factor productivity; Labor productivity; Economic Growth; Structural Reforms; Institutions; Emerging Market and Developing Countries; Agriculture; Industry; Services; productivity gain; productivity payoff; TFP growth specification; impact of reform; services productivity; productivity impact; productivity driver; productivity levels gap; productivity gains from banking system reform; sectoral productivity dynamics; payoffs from undertaking banking system reform; Productivity; Agricultural sector; Personal income; Global (search for similar items in EconPapers)
Pages: 35
Date: 2016-02-09
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Citations: View citations in EconPapers (33)

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