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The short- and medium-term effects of structural reforms: A reassesment

Author

Listed:
  • Joana Duran-Franch

    (OECD)

  • Alvaro Leandro

    (OECD)

  • Sébastien Turban

    (OECD)

  • Nicolas Ruiz

    (OECD)

  • Elisa Mitteldorf
  • Iris Smiderle

    (OECD)

Abstract

This paper considers the short- and medium-term macroeconomic effects of a broad set of structural policy changes (corporate tax measures, marginal tax wedges, ALMP spending, employment protection legislation, rental market regulations, rail infrastructure investment, and basic research expenditure), building up on the baseline results presented previously in the overview of Foundations for Growth and Competitiveness (F4GC). Using recent econometric methods, it analyzes the robustness of these results and the potential heterogeneities in reforms impacts. The evidence suggests that many reforms deliver measurable short and medium run gains when assessed on the components of growth in GDP per capita.

Suggested Citation

  • Joana Duran-Franch & Alvaro Leandro & Sébastien Turban & Nicolas Ruiz & Elisa Mitteldorf & Iris Smiderle, 2026. "The short- and medium-term effects of structural reforms: A reassesment," OECD Economics Department Working Papers 1867, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:1867-en
    DOI: 10.1787/ce7f76e3-en
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    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy

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