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Structural Reforms, Growth, and Inequality: An Overview of Theory, Measurement, and Evidence

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. Green open access

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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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