Structural Reforms Without Prejudices
- Boeri, Tito(Professor of Economics, Bocconi University and Fondazione Rodolfo DeBenedetti)Castanheira, Micael(Professor of Economics at the Universite Libre de Bruxelles)Faini, Riccardo(Professor of Economics, Universita degli Studi di Roma "Tor Vergata")Galasso, Vincenzo(Associate Professor of Economics, Bocconi University and IGIER)Registered editor(s):
Our economies face constant challenges from many different directions. Structural reforms are implemented every day, either to grasp the benefits of globalization and technological change, or to avoid foundering on unaffordable welfare systems or the rise of new economies. Despite this flurry of reforms, many of their effects are insufficiently understood. What makes reforms a success or a failure? Why do we witness systematically ambivalent attitudes to reforms? Can governments implement reforms differently, without inflicting prejudice to large fringes of the population? This book explores these issues by comparing a number of reforms, across a large set of countries and sectors. First, through an innovative multisectorial input-output analysis, the authors compare the effects of liberalisation reforms in the telecommunication and electricity sectors across Europe. Surprisingly, they find that very similar and well-intended reforms can generate highly contrasted outcomes. It is also shown that governments must consider the effects of each reform on all sectors of the economy. Second, the authors explore how governments can tailor their reform strategy to alter the redistributive effects of reforms. They show that the government's approach to reforms has been very different across time and across countries. A government's approach depends on local institutions, on the nature of the opposition, and on the scope of the reform under way. The authors, however, show that governments do have alternatives. Often, there are ways to tailor reforms so as to protect specific parts of the population; and there are ways to experiment gradually, to avoid costly policy mistakes.
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This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199203628 and published in 2006. ISBN: 9780199203628 Order: http://ukcatalogue.oup.com/product/9780199203628.do Handle: RePEc:oxp:obooks:9780199203628 Contact details of provider: Web page: http://www.oup.com/
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- Agnello, Luca & Castro, Vitor & Jalles, João Tovar & Sousa, Ricardo M., 2015. "What determines the likelihood of structural reforms?," European Journal of Political Economy, Elsevier, vol. 37(C), pages 129-145.
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- Charlotte Senftleben-König, 2014. "Product Market Deregulation and Employment Outcomes: Evidence from the German Retail Sector," Working Papers 2014009, Berlin Doctoral Program in Economics and Management Science (BDPEMS).
- Ioannou, Demosthenes & Stracca, Livio, 2014. "Have the euro area and EU governance worked? Just the facts," European Journal of Political Economy, Elsevier, vol. 34(C), pages 1-17.
- Cacciatore, Matteo & Duval, Romain & Fiori, Giuseppe & Ghironi, Fabio, 2016.
"Market Reforms in the Time of Imbalance,"
CEPR Discussion Papers
11247, C.E.P.R. Discussion Papers.
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