Campos, N;
De Grauwe, P;
Ji, Y;
(2018)
Structural Reforms, Growth, and Inequality: An Overview of Theory, Measurement, and Evidence.
In: Campos, N and De Grauwe, P and Ji, Y, (eds.)
The Political Economy of Structural Reforms in Europe.
Oxford University Press: Oxford, UK.
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Abstract
This chapter provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts, and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural reforms, economic growth, and income inequality. We argue that whether structural reforms have a positive or negative impact depends on various factors. The type of reform, timing, sequence, and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income inequality. We conclude by proposing a 7-point agenda for future research.
| Type: | Book chapter |
|---|---|
| Title: | Structural Reforms, Growth, and Inequality: An Overview of Theory, Measurement, and Evidence |
| ISBN-13: | 9780198821878 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1093/oso/9780198821878.001.0001 |
| Publisher version: | http://dx.doi.org/10.1093/oso/9780198821878.001.00... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | structural reforms, growth, inequality, theory, measurement, evidence |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10049865 |
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