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The impact of structural reforms on productivity: The role of the distance to the technological frontier

Author

Listed:
  • Ana Fontoura Gouveia

    (Ministry of Finance, Portugal)

  • Sílvia Santos

    (Banco de Portugal)

  • Inês Gonçalves

    (Instituto Nacional de Estatística)

Abstract

In recent years, literature has linked structural reforms with productivity growth. Considering Portugal’s recent comprehensive reform agenda, this topic acquires particular relevance. Using data for Portuguese firms for the period 2006-2014, this paper assesses the impact of structural reforms on firms’ productivity. In line with existing literature, the analysis shows that most reforms entail long-term gains, despite, in some reform areas, the existence of short-term costs. In general, there are important differences across reform areas and across firms, namely when comparing firms with different productivity levels. The firms’ distance to the technological frontier mediates the impact of reforms, either by potentiating its effects or by curbing them, depending on the reform area.

Suggested Citation

  • Ana Fontoura Gouveia & Sílvia Santos & Inês Gonçalves, 2017. "The impact of structural reforms on productivity: The role of the distance to the technological frontier," OECD Productivity Working Papers 8, OECD Publishing.
    • Handle: RePEc:oec:ecoaac:8-en
    DOI: 10.1787/6e4a4bf7-en
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    More about this item

    Keywords

    Distance to frontier; Growth; Structural reforms; Total Factor Productivity;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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