The Resource The GDP Impact of Reform : A Simple Simulation Framework, Sebastian Barnes ... [and others], (electronic resource)

The GDP Impact of Reform : A Simple Simulation Framework, Sebastian Barnes ... [and others], (electronic resource)

Label
The GDP Impact of Reform : A Simple Simulation Framework
Title
The GDP Impact of Reform
Title remainder
A Simple Simulation Framework
Statement of responsibility
Sebastian Barnes ... [and others]
Contributor
Subject
Language
eng
Summary
This paper presents a framework to assess the impact of a wide range of structural policy reforms on GDP per capita at various horizons by linking together previous empirical studies mostly carried out by the OECD. The simple accounting framework consists of reduced-form equations and offers a more tractable and realistic alternative to an estimated general equilibrium model. This comes at the expense of several potential shortcomings including inter alia insufficient account of interrelationships between policies or spillover effects, risks of double-counting the effects of certain reforms, endogeneity issues and the omission of interactions across different policy areas. Bearing these caveats in mind, the plausible scenarios suggest that the largest long-run GDP per capita gains may be obtained from reforms that would raise the quantity and quality of education, strengthen competition in product markets, reduce the level and/or duration of unemployment benefits, cut labour tax wedges and relax employment protection legislation. Past reforms in these areas might also have contributed to as much as half of GDP per capita growth in OECD countries in the decade prior to the recent financial and economic crisis. Simulations further indicate that addressing all policy weaknesses in each OECD country by aligning policy settings on the OECD average could raise GDP per capita by as much as 25% in the typical country
Member of
Cataloging source
FR-PaOEC
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorDate
1977-
http://library.link/vocab/relatedWorkOrContributorName
  • Barnes, Sebastian
  • Bouis, Romain
  • Briard, Philippe
  • Dougherty, Sean M.
  • Eris, Mehmet
Series statement
OECD Economics Department Working Papers,
Series volume
no.834
http://library.link/vocab/subjectName
Economics
Label
The GDP Impact of Reform : A Simple Simulation Framework, Sebastian Barnes ... [and others], (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762089397
Dimensions
21 x 30 cm
Extent
1 online resource 49 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kgk9qjnhkmt-en
Specific material designation
remote
System control number
(OCoLC)762089397
Label
The GDP Impact of Reform : A Simple Simulation Framework, Sebastian Barnes ... [and others], (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762089397
Dimensions
21 x 30 cm
Extent
1 online resource 49 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kgk9qjnhkmt-en
Specific material designation
remote
System control number
(OCoLC)762089397

Library Locations

  • St. Louis Mercantile LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • Thomas Jefferson LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • University ArchivesBorrow it
    703 Lewis Hall, Columbia, MO, 65211, US
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • Ward E Barnes Education LibraryBorrow it
    8001 Natural Bridge Rd, St. Louis, MO, 63121, US
    38.707079 -90.311355
Processing Feedback ...