Publication:
Structural Reforms and Firms' Productivity: Evidence from Developing Countries

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dc.contributor.authorKouame, Wilfried A.
dc.contributor.authorTapsoba, Sampawende J.-A.
dc.date.accessioned2018-01-23T17:10:14Z
dc.date.available2018-01-23T17:10:14Z
dc.date.issued2018-01
dc.description.abstractThis paper assesses the effects of selected structural reforms on labor productivity growth for 37 developing countries over 2006-14. It combines newly constructed reform indexes using the International Monetary Fund's Monitoring of Fund Arrangements data set and firm-level productivity from the World Bank Enterprise Surveys. The paper highlights the following results. Structural reforms under consideration in this study -- financial, fiscal, real sector, and trade reforms -- significantly improve productivity at the firm level. Interestingly, real sector reforms have the most sizable effects on firms' productivity. The relationship between reforms and productivity is nonlinear and shaped by certain characteristics of firms, including financial access, a distortionary environment, and firms' size. The pace of reforms matters, since being a “strong reformer” is associated with a clear productivity dividend for firms. Finally, except for financial and trade reforms, all the macroeconomic reforms considered are bilaterally complementary in improving firms' productivity. These findings are robust to several sensitivity checks, including alternative methodologies and measures of productivity, and a counterfactual experiment based on unsuccessful reforms.en
dc.identifierhttp://documents.worldbank.org/curated/en/586181516299611059/Structural-reforms-and-firms-productivity-evidence-from-developing-countries
dc.identifier.doi10.1596/1813-9450-8308
dc.identifier.urihttps://hdl.handle.net/10986/29218
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8308
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSTRUCTURAL REFORM
dc.subjectFIRM PRODUCTIVITY
dc.subjectLABOR PRODUCTIVITY
dc.subjectENTERPRISE SURVEYS
dc.subjectACCESS TO FINANCE
dc.subjectBUSINESS ENVIRONMENT
dc.titleStructural Reforms and Firms' Productivityen
dc.title.subtitleEvidence from Developing Countriesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleStructural Reforms and Firms' Productivity: Evidence from Developing Countries
okr.date.disclosure2018-01-18
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/586181516299611059/Structural-reforms-and-firms-productivity-evidence-from-developing-countries
okr.guid586181516299611059
okr.identifier.doi10.1596/1813-9450-8308
okr.identifier.doihttps://doi.org/10.1596/1813-9450-8308
okr.identifier.externaldocumentum090224b08556fd4a_1_0
okr.identifier.internaldocumentum29518323
okr.identifier.reportWPS8308
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/586181516299611059/pdf/WPS8308.pdfen
okr.statistics.combined1697
okr.statistics.dr586181516299611059
okr.statistics.drstats1188
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Private Sector Economics
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitOffice of the Chief Economist, Africa Region
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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