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What is the macroeconomic impact of ambitious structural reforms on product and labour markets?

Author

Listed:
  • Gilbert Cette

    (Centre de recherche de la Banque de France - Banque de France, AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Jimmy Lopez

    (Centre de recherche de la Banque de France - Banque de France, LEDi - Laboratoire d'Economie de Dijon - UB - Université de Bourgogne - CNRS - Centre National de la Recherche Scientifique)

  • Jacques Mairesse

    (Centre de recherche de la Banque de France - Banque de France, NBER - The National Bureau of Economic Research, CREST - Centre de Recherche en Economie et Statistique [Bruz] - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique)

Abstract

What impact would ambitious structural reforms implemented on product and labour markets have on growth? The authors propose an assessment, using a panel of 14 countries, of the consequences of the adoption of "best practices", defined as the average level of regulations observed in the three economies where they are the least cumbersome. Their simulations show that the implementation of such reforms should lead to a very significant increase in productivity in many countries, in particular in the euro area.

Suggested Citation

  • Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2016. "What is the macroeconomic impact of ambitious structural reforms on product and labour markets?," Post-Print hal-03565078, HAL.
    • Handle: RePEc:hal:journl:hal-03565078
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