Structural reforms and economic performance in advanced and developing countries

Structural reforms and economic performance i ...
Jonathan David Ostry, Jonathan ...
Locate

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today


Buy this book

Last edited by ImportBot
January 2, 2011 | History

Structural reforms and economic performance in advanced and developing countries

This volume examines the impact on economic performance of structural policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.--Publisher's description.

Publish Date
Language
English
Pages
53

Buy this book

Book Details


Edition Notes

Includes bibliographical references (p. 48-51).

Published in
Washington, D.C
Series
Occasional paper -- 268, Occasional paper (International Monetary Fund) -- no. 268., Occasional paper -- 268.

Classifications

Library of Congress
HC59.7 .S8738 2009

The Physical Object

Pagination
v, 53 p. :
Number of pages
53

ID Numbers

Open Library
OL24554187M
ISBN 10
1589068181
ISBN 13
9781589068186
LCCN
2010279188
OCLC/WorldCat
443102310

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

Lists

This work does not appear on any lists.

History

Download catalog record: RDF / JSON
January 2, 2011 Created by ImportBot initial import