04502oam 22011054 450 991078822110332120230721045656.01-4623-7391-71-4527-4299-597866128447131-4518-7429-41-282-84471-7(CKB)3170000000055411(SSID)ssj0000961392(PQKBManifestationID)11535921(PQKBTitleCode)TC0000961392(PQKBWorkID)10963132(PQKB)11178093(OCoLC)671571353(MiAaPQ)EBC1606019(IMF)WPIEE2009284(EXLCZ)99317000000005541120020129d2009 uf 0engurcn|||||||||txtccrGrowth and Structural Reforms : A New Assessment /Lone Engbo Christiansen, Thierry Tressel, Martin SchindlerWashington, D.C. :International Monetary Fund,2009.52 pIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1845-3 Includes bibliographical references.This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications.IMF Working Papers; Working Paper ;No. 2009/284Economic developmentFinanceExports and ImportsimfInflationimfMacroeconomicsimfProduction and Operations ManagementimfCurrent Account AdjustmentimfShort-term Capital MovementsimfProductionimfCostimfCapital and Total Factor ProductivityimfCapacityimfPersonal Income, Wealth, and Their DistributionsimfPrice LevelimfDeflationimfInternational economicsimfCapital accountimfTotal factor productivityimfCapital account liberalizationimfPersonal incomeimfBalance of paymentsimfIndustrial productivityimfIncomeimfPricesimfEstonia, Republic ofimfEconomic development.Finance.Exports and ImportsInflationMacroeconomicsProduction and Operations ManagementCurrent Account AdjustmentShort-term Capital MovementsProductionCostCapital and Total Factor ProductivityCapacityPersonal Income, Wealth, and Their DistributionsPrice LevelDeflationInternational economicsCapital accountTotal factor productivityCapital account liberalizationPersonal incomeBalance of paymentsIndustrial productivityIncomePricesChristiansen Lone Engbo1509551Tressel Thierry1463685Schindler Martin1509552International Monetary Fund.DcWaIMFBOOK9910788221103321Growth and Structural Reforms3741515UNINA