The impact of product and labour market reform on growth: Evidence for OECD countries based on local projections
نویسندگان
چکیده
We examine the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 2013, tests whether this is conditioned by fiscal policy stance. Our local projection results suggest that controlling for endogeneity (by Augmented Inverse Probability Weighted estimator) crucial. show mostly cause slight negative growth, except when implemented during periods neutral policy. Labour hurt under tight policy, but are conducive to if introduced expansionary
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2022
ISSN: ['1099-1255', '0883-7252']
DOI: https://doi.org/10.1002/jae.2890