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Reform Design Matters: The Role of Structural Policy Complementarities

In: The Palgrave Handbook of Comparative Economics

Author

Listed:
  • Joaquim Oliveira-Martins

    (OECD Centre for Entrepreneurship, SMEs, Regions and Cities
    PSL - University of Paris Dauphine)

  • Bruno T. Rocha

    (UECE/REM and CEsA, ISEG, University of Lisbon)

Abstract

In this chapter, we discuss possible interactions across structural policy domains. While relatively more studied in the context of the post-communist transition literature, our survey suggests that relationships of this type hold more generally and can be important to improve our understanding of the relationship between structural reforms and long-run economic growth. Given its potential relevance for the design of successful reform packages, exploring in a more exhaustive way the notion that the effect of a given reform on economic growth depends on the progress made in other policy areas should be a priority point for future research. This may be particularly relevant to help unlock the growth potential of many developing and emerging countries, namely concerning their integration in the global economy.

Suggested Citation

  • Joaquim Oliveira-Martins & Bruno T. Rocha, 2021. "Reform Design Matters: The Role of Structural Policy Complementarities," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 19, pages 493-516, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-50888-3_19
    DOI: 10.1007/978-3-030-50888-3_19
    as

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    References listed on IDEAS

    as
    1. Jan Babecky & Tomas Havranek, 2014. "Structural reforms and growth in transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(1), pages 13-42, January.
    2. Ichiro Iwasaki & Kazuhiro Kumo, 2019. "J-Curve in Transition Economies: A Large Meta-analysis of the Determinants of Output Changes," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(1), pages 149-191, March.
    3. Freund, Caroline & Bolaky, Bineswaree, 2008. "Trade, regulations, and income," Journal of Development Economics, Elsevier, vol. 87(2), pages 309-321, October.
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