Policy Complementarities PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Policy Complementarities PDF full book. Access full book title Policy Complementarities by Mr.David T. Coe. Download full books in PDF and EPUB format.
Author: Mr.David T. Coe
Publisher: International Monetary Fund
ISBN: 1451951256
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.
Author: Mr.David T. Coe
Publisher: International Monetary Fund
ISBN: 1451951256
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.
Author: Mr.Jahangir Aziz
Publisher: International Monetary Fund
ISBN: 1451940955
Category : Business & Economics
Languages : en
Pages : 21
Get Book Here
Book Description
While economists continue to debate whether particular economic policies, such as those referred to in Willliamson’s (1993) “Washington Consensus,” can spur growth in developing countries, this paper demonstrates that it is combinations of policies that are more critical for growth. Policy complementarity refers to the mutually reinforcing benefits of policies that create an environment that is conducive to investment and growth. Quantitative measures of policy complementarity are developed, and the study shows empirically, through both an outcomes-based probability framework and a standard regression analysis, that these complementarities are significant and robust in explaining growth outcomes over the period 1985–95.
Author: J. Michael Orszag
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 72
Get Book Here
Book Description
Author: Elodie Douarin
Publisher: Springer Nature
ISBN: 3030508889
Category : Political Science
Languages : en
Pages : 982
Get Book Here
Book Description
This book aims to define comparative economics and to illustrate the breadth and depth of its contribution. It starts with an historiography of the field, arguing for a continued legacy of comparative economic systems, which compared socialism and capitalism, a field which some argued should have been replaced by institutional economics after the fall of the Berlin Wall. The process of transition to market capitalism is reviewed, and itself exemplifies a new combination of comparative analysis with a focus on institutional development. Going beyond, chapters broadening the application of comparative analysis and applying it to new issues and approaches, including the role and definition of institutions, subjective wellbeing, inequality, populism, demography, and novel methodologies. Overall, comparative economics has evolved in the past 30 years, and remains a powerful approach for analyzing important issues.
Author: Pierre A. Mohnen
Publisher: CIRANO
ISBN:
Category : Human capital
Languages : en
Pages : 44
Get Book Here
Book Description
Author: John Bachtler
Publisher: Routledge
ISBN: 1315401843
Category : Business & Economics
Languages : en
Pages : 380
Get Book Here
Book Description
The Open Access version of this book, available at http://www.tandfebooks.com/doi/view/10.4324/9781315401867, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license. This book brings together academics, members of European institutions, and regional and national level policymakers in order to assess the performance and direction of EU Cohesion policy against the background of the most significant reforms to the policy in a generation. Responding to past criticisms of the effectiveness of the policy, the policy changes introduced in 2013 have aligned European Structural and Investment Funds with the Europe 2020 strategy and introduced measures to improve strategic coherence, performance and integrated development. EU Cohesion Policy: Reassessing performance and direction argues that policy can only be successfully developed and implemented if there is input from both academics and practitioners. The chapters in the book address four important issues: the effectiveness and impact of Cohesion policy at European, national and regional levels; the contribution of Cohesion policy to the Europe 2020 strategy of smart, sustainable and inclusive growth; the importance of quality of government and administrative capacity for the effective management of the Funds; and the inter-relationships between institutions, territory and place-based policies. The volume will be an invaluable resource to students, academics and policymakers across economics, regional studies, European studies and international relations.
Author: Roberto Chang
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 48
Get Book Here
Book Description
The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree of labor market flexibility. In that model, trade protection may ameliorate the problem of underemployment (and underproduction) in sectors affected by labor market distortions. Hence, trade liberalization unambiguously increases per capita income only when labor markets are sufficiently flexible. The authors then present some panel evidence on how the growth effect of openness depends on a variety of structural characteristics. For this purpose, they use a non-linear growth regression specification that interacts a proxy of trade openness with proxies of educational investment, financial depth, inflation stabilization, public infrastructure, governance, labor-market flexibility, ease of firm entry, and ease of firm exit. They find that the growth effects of openness are positive and economically significant if certain complementary reforms are undertaken.
Author: Andrew T. Levin
Publisher:
ISBN:
Category :
Languages : en
Pages : 45
Get Book Here
Book Description
Author: Robert Franzese
Publisher: Springer Science & Business Media
ISBN: 147574062X
Category : Business & Economics
Languages : en
Pages : 276
Get Book Here
Book Description
This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations.
Author: Alejandro Angel
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
This study revisits the question of governance regarding economic policy. Agents within the political economy will seek to produce political-economic stability through the creation of institutional complementarities. This is specially the case in moments of reconfiguration of economic policy when such changes challenge significant vested interests. Institutional complementarity is understood as the situation in which one institution takes advantage of other institution's presence to fulfill its structuring role in the political economy. We demonstrate that economic governance is crucially affected by the fear of repeating past institutional traumas that disrupted economic and political stability and policymaking routines. The central hypothesis is that the threat of reproducing the conditions of past institutional traumas leads actors to carry institutional reforms that take advantage of other institutions' presence to structure stability in the political economy, that is, they create institutional complementarities. The dissertation examines three cases of liberalization processes in Latin America: Brazil, Chile, and Mexico. These countries suffered profound economic crises in the 1980s partially as a consequence of a final demise of the previous model. Subsequently all implemented liberalizing reforms for the next decades. In the process of reform, the threat of instability appeared in those countries with a different intensity. When the threat was imminent the institutional complementarity consolidated, whereas when it disappeared no institutional complementarity was effectively constituted. The methodology used is a cross- comparison of case studies within which theory-building process tracing will be used in so far as this method is used when we do not know the causes leading to a given outcome, which in turn can be generalizable. While the concept of institutional complementarities has been used extensively in comparative political economy, not much has been done yet to understand why in some cases institutional complementarities appear, yet not in others.
