Research Catalog

Title

The Political Economy of Structural Reform [electronic resource]: Empirical Evidence from OECD Countries / Jens Høj ... [et al]

Publication

Paris : OECD Publishing, 2006.

Details

Additional Authors

• Høj, Jens.
• Galasso, Vincenzo.
• Nicoletti, Giuseppe.
• Dang, Thai-Thanh.

Description

78 p.; 21 x 29.7cm.

Summary

In an empirical investigation, the paper identifies the main political economy drivers of structural policy changes in OECD countries' labour and product markets over the 1985-2003 and 1973-2003 periods respectively. Some of the drivers are beyond the control of governments (i.e., that are exogenous to the political process) while there are others over which governments may have some leverage. The core empirical results, based on a set of policy indicators that cover 21 countries, suggest that the former set of factors has an important influence on the implementation of structural reform, including economic crises, exposure to foreign competition, and government?s duration in office. Nonetheless, the latter set of factors, including budgetary conditions and spillovers across policy areas -- in particular from the product to the labour market -- is also important to both initiate and sustain reforms.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.501

Uniform Title

OECD Economics Department Working Papers, no.501.

Subject

Economics

LCCN

10.1787/881353527404

OCLC

oecd-lib-004581

Title

The Political Economy of Structural Reform [electronic resource]: Empirical Evidence from OECD Countries / Jens Høj ... [et al]

Imprint

Paris : OECD Publishing, 2006.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.501

OECD Economics Department Working Papers, 1815-1973 ; no.501.

Connect to:

http://dx.doi.org/10.1787/881353527404

Indexed Term

Economics

Added Author

Høj, Jens.

Galasso, Vincenzo.

Nicoletti, Giuseppe.

Dang, Thai-Thanh.

Other Standard Identifier

10.1787/881353527404 doi