Structural reforms and regional convergence /

Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have mixed...

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Bibliographic Details
Main Authors:	Spilimbergo, Antonio (Author), Che, Natasha Xingyuan (Author)
Other Authors:	Che, Natasha
Format:	Book
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, ©2012 Washington, D.C. : 2012
Series:	IMF Working Papers ; Working Paper No. 12/106 IMF Working Papers; Working Paper ; No. 2012/106 IMF eLibrary IMF working paper ; WP/12/106
Subjects:	Convergence (Economics) > Econometric models Economic development > Econometric models Structural adjustment (Economic policy) > Econometric models Benefits Correlation Diffusion processes Dynamic models Economic growth Economic models Empirical model Equation Equations Estimation of equation Fiscal reforms Heteroscedasticity Labor market policy Labor market reforms Macroeconomic Analyses of Economic Development Minimum wage Minimum wages Other Probability Public Policy Regional, Urban, and Rural Analyses Sample size Samples Severance payment Severance payments Significance level Significance levels Standard errors Statistical significance Statistics Technological Change > Choices and Consequences Unemployment insurance Wage level Wage rate Wage Wages Diffusion Processes Economic Development: Urban, Rural, Regional, and Transportation Analysis Housing Income tax Industrial Policy Industrial productivity Infrastructure Institutions and the Macroeconomy Labor taxes Labor Labour Macroeconomics Macroeconomics: Production Macrostructural analysis Mobility, Unemployment, and Vacancies: Public Policy Personal Income and Other Nonbusiness Taxes and Subsidies Production and Operations Management Production Productivity Public finance & taxation Structural reforms Tax administration and procedure Tax policy Tax wedge Taxation Taxation, Subsidies, and Revenue: General Taxes Technological Change: Choices and Consequences Wages, Compensation, and Labor Costs: Public Policy Welfare & benefit systems income economics Australia Austria Belgium Canada Finland France Germany Greece India Ireland Italy Japan Portugal Saint Lucia Spain Sri Lanka Sweden Thailand United States Electronic books
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Table of Contents:

Cover; Structural Reforms and Regional Convergence; I. INTRODUCTION; Figure 1: Regional GDP dispersion by country (1995-2005); TABLES; Table 1: Comparison between hypothetical and actual GDP (1995-2005); FIGURES; Figure 2: Correlation between regional GDP dispersion and country GDP level; II. Data; Table 2: Summary Statistics and Regional Beta Convergence by Country; Table 3: Summary Statistics of the Structural Reform and Institutional Variables; III. ESTIMATION MODEL AND RESULTS; A. Theoretical Model; Table 4: Summary statistics of regional variables; B. Empirical Model
B. Regional Allocative Efficiency and Structural CoherenceTable 12: SR and convergence, controlling for allocative efficiency and structural coherence; C. Structural Reform and Potential Productivity Growth; Table 13: SR effect on potential productivity growth; D. Productivity Convergence; Table 14: SR and regional productivity convergence; E. Endogeneity of Structural Reforms; Table 15: SR and convergence (IV estimates); V. CONCLUSION; APPENDIX A: STRUCTURAL REFORM (SR) VARIABLES; APPENDIX B: THEORETICAL MODEL; Reference
C. Baseline Estimation ResultsTable 5: Baseline regression results-financial development & trade liberalization; Table 6: Baseline regression results- Current account liberalization and inflation; Table 7: Baseline regression results-Unemployment Benefit and labor tax wedge; Table 8: Baseline regression results- Minimum wage and severance payment; Table 9: Baseline regression results- Long term institutional factors; Table 10: Magnitudes of SR impact on regional growth; IV. EXTENSIONS AND ROBUSTNESS CHECKS; A. Annual Estimation; Table 11: SR and regional convergence
annual estimation

Structural reforms and regional convergence /

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