Structural reforms to boost growth and living standards in Argentina

Alberto Gonzalez Pandiella

No 1463, OECD Economics Department Working Papers from OECD Publishing

Abstract: Over the last decades Argentina’s living standards have lost ground relative to other developed and emerging economies. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening investment through wide-ranging structural reforms. Areas that require reforms include the regulation of product and labour markets, taxes, infrastructure, skills, innovation, trade policy, rule of law and financial markets. Beyond changing the rules, implementation and restoring institutional capacity are equally important. Enhancing competition, for which implementation and institutions are particularly relevant, would stimulate private investment, facilitating the creation of new firms and jobs, and would bring benefits to consumers through lower prices. Finding the right packaging and sequencing of reforms is important to exploit synergies across different areas, to manage trade-offs and to protect the vulnerable from the costs of adjustment. In this context, improving active labour market policies and training can support workers in acquiring new skills and in getting ready for new jobs, improving their capacity to adjust to a changing economy.

Keywords: active labour market policies; Argentina; competition; financial markets; infrastructure; innovation; investment; labour market; product markets; productivity; rule of law; skills; structural reforms; taxes; trade (search for similar items in EconPapers)
JEL-codes: E22 E24 E44 F13 F15 F16 H25 I25 J24 L11 O38 O40 O54 (search for similar items in EconPapers)
Date: 2018-04-04
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1463-en

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