TY - BOOK ID - 135556188 TI - Structural Reforms and Firms' Productivity : Evidence from Developing Countries AU - Kouame, Wilfried A. AU - Tapsoba, Sampawende J. PY - 2018 PB - Washington, D.C. : The World Bank, DB - UniCat KW - Access to Finance KW - Business Environment KW - Consumption KW - Developing Countries KW - Economic Growth KW - Economic Theory & Research KW - Finance and Financial Sector Development KW - Fiscal & Monetary Policy KW - Industrial Economics KW - Macroeconomics and Economic Growth KW - Marketing KW - Private Sector Development KW - Private Sector Development Law KW - Private Sector Economics KW - Productivity KW - Structural Reforms KW - Technology Industry KW - Technology Innovation UR - https://www.unicat.be/uniCat?func=search&query=sysid:135556188 AB - This 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. ER -