| Description |
1 online resource (35 pages) : illustrations |
| Series |
IMF working paper ; WP/16/171 |
|
IMF working paper ; WP/16/171.
|
| Contents |
Cover; Contents; I. INTRODUCTION; II. SYNTHETIC CONTROL METHOD; A. Synthetic control method; B. Pre-treatment fit index; C. Inference; III. DATA AND SELECTION OF CASES; A. Data; B. Selection of the treated countries and control groups; IV. CASES AND RESULTS; A. Structural reforms in New Zealand in the 1990s; B. Labor and product market reforms in Australia in the 1990s; C. Labor and product market reforms in the Netherlands in the 1990s; D. Labor and product market reforms in Denmark in the 1990s; E. Labor and product market reforms in Ireland in the 1990s |
|
F. Labor market reforms in Germany in the 2000sV. CONCLUDING REMARKS; References; Figure; Figure 1. GDP per capita in New Zealand and the synthetic unit over time; Figure 2. GDP per capita in Australia and the synthetic unit over time; Figure 3. GDP per capita in Netherlands and the synthetic unit over time; Figure 4. GDP per capita in Denmark and the synthetic unit over time; Figure 5. GDP per capita in Ireland and the synthetic unit over time; Figure 6. GDP per capita in Germany and the synthetic unit over time |
| Summary |
A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case studies of well-known waves of reforms, those of New Zealand, Australia, Denmark, Ireland and Netherlands in the 1990s, and the labor market reforms in Germany in the early 2000s. In four of the six cases, GDP per capita was higher than in the control group as a result of the reforms. No difference between the treated country and its synthetic counterpart could be found in the cases of Denmark and New Zealand, which in the latter case may have partly reflected the implementation of reforms under particularly weak macroeconomic conditions. Overall, also factoring in the limitations of the SCM in this context, the results are suggestive of a positive but heterogenous effect of reform waves on GDP per capita |
| Notes |
"August 2016." |
|
At head of title: International Monetary Fund, Research Department |
| Bibliography |
Includes bibliographical references (pages 32-34) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016) |
| Subject |
Labor market.
|
|
Markets.
|
|
Economic development.
|
|
Labor demand.
|
|
Labor supply.
|
|
Employment (Economic theory)
|
|
employing.
|
|
economic development.
|
|
Labor supply
|
|
Labor demand
|
|
Economic development
|
|
Labor market
|
|
Markets
|
| Form |
Electronic book
|
| Author |
Duval, Romain, author, (IMF staff)
|
|
Hu, Bingjie, author, (IMF staff)
|
|
Loungani, Prakash, author, (IMF staff)
|
|
International Monetary Fund, publisher.
|
|
International Monetary Fund. Research Department, issuing body.
|
| ISBN |
9781475524277 |
|
1475524277 |
|
9781475529135 |
|
1475529139 |
| ISSN |
1018-5941 |
|
