The Needle in the Haystack What Drives Labor and Product Market Reforms in Advanced Countries is popular PDF and ePub book, written by Mr.Romain A Duval in 2018-05-09, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Needle in the Haystack What Drives Labor and Product Market Reforms in Advanced Countries can be Read Online from any device for your convenience.
The Needle in the Haystack What Drives Labor and Product Market Reforms in Advanced Countries Book PDF Summary
The political economy literature has put forward a multitude of hypotheses regarding the drivers of structural reforms, but few, if any, empirically robust findings have emerged thus far. To make progress, we draw a parallel with model uncertainty in the growth literature and provide a new version of the Bayesian averaging of maximum likelihood estimates (BAMLE) technique tailored to binary logit models. Relying on a new database of major past labor and product market reforms in advanced countries, we test a large set of variables for robust correlation with reform in each area. We find widespread support for the crisis-induces-reform hypothesis. Outside pressure increases the likelihood of reform in certain areas: reforms are more likely when other countries also undertake them and when there is formal pressure to implement them. Other robust correlates are more specific to certain areas—for example, international pressure and political factors are most relevant for product market and job protection reforms, respectively.
Detail Book of The Needle in the Haystack What Drives Labor and Product Market Reforms in Advanced Countries PDF
- Author : Mr.Romain A Duval
- Release : 09 May 2018
- Publisher : International Monetary Fund
- ISBN : 9781484355787
- Genre : Business & Economics
- Total Page : 59 pages
- Language : English
- PDF File Size : 15,7 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Needle in the Haystack What Drives Labor and Product Market Reforms in Advanced Countries by Mr.Romain A Duval, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.