Structural reforms and growth in developing countries(1)
JOURNAL OF ECONOMIC POLICY REFORM, cilt.22, ss.325-350, 2019 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 22
- Basım Tarihi: 2019
- Doi Numarası: 10.1080/17487870.2018.1424629
- Dergi Adı: JOURNAL OF ECONOMIC POLICY REFORM
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
- Sayfa Sayıları: ss.325-350
- Anahtar Kelimeler: growth, structural reforms ? current account, trade, capital account, domestic finance, Pooled Mean Group Estimator, CAPITAL ACCOUNT LIBERALIZATION, FINANCIAL LIBERALIZATION, TRADE LIBERALIZATION, ECONOMIC-GROWTH, RUN GAIN
- Yıldız Teknik Üniversitesi Adresli: Evet
Özet
This paper investigates the effects of structural reforms on real per capita GDP in the short and long-run by employing Pooled Mean Group approach. I find that during the period 1973?2006, there is a positive long-run relationship between international trade reform, financial (capital account, and domestic finance) reforms and real per capita GDP. My results also indicate that in the short-run, financially more open economies suffer more from international trade and domestic financial reforms. More importantly, the adverse effects of reforms in the short-run can be mitigated by improving property rights and contract enforcement.