Structural reforms and growth in developing countries1

IF 3.3 3区经济学 Q1 DEVELOPMENT STUDIES

Journal of Economic Policy Reform Pub Date : 2019-10-02 DOI:10.1080/17487870.2018.1424629

Tolga Aksoy

引用次数: 8

Abstract

This paper investigates the effects of structural reforms on real per capita GDP in the short and long-run by employing Pooled Mean Group approach. I find that during the period 1973–2006, there is a positive long-run relationship between international trade reform, financial (capital account, and domestic finance) reforms and real per capita GDP. My results also indicate that in the short-run, financially more open economies suffer more from international trade and domestic financial reforms. More importantly, the adverse effects of reforms in the short-run can be mitigated by improving property rights and contract enforcement.

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发展中国家的结构性改革与增长

本文采用混合均值组方法研究了结构性改革对短期和长期实际人均GDP的影响。我发现，在1973-2006年期间，国际贸易改革、金融(资本账户和国内金融)改革与实际人均GDP之间存在长期正相关关系。我的研究结果还表明，在短期内，金融开放程度越高的经济体受到国际贸易和国内金融改革的影响越大。更重要的是，改革在短期内的不利影响可以通过改善产权和合同执行来减轻。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Policy Reform Multiple-

CiteScore

6.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Policy Reform focuses on the analysis of economic policy reform. The journal draws upon what lessons can be learned from the successes and failures of countries undertaking reforms and how existing theories can be developed to shed light on positive as well as normative aspects of the reform process. The Journal of Economic Policy Reform encourages work from economists and political economy analysts on policies to promote growth and reduce poverty, intellectual property rights, aid versus trade, debt and debt relief, taxation and social security systems, surveys of key reform issues, as well as on corruption, democracy, emerging markets and the role of multilateral institutions.