TY - BOOK ID - 533261 TI - Structural reforms and economic performance in advanced and developing countries AU - Ostry, Jonathan D. AU - Prati, Alessandro AU - Spilimbergo, Antonio PY - 2009 VL - 268 SN - 9781589068186 1589068181 PB - Washington, D.C. IMF DB - UniCat KW - Economic policy and planning (general) KW - Business cycles KW - Developing countries KW - Structural adjustment (Economic policy) KW - Economic policy KW - Economic conditions KW - -Developing Countries KW - Developing Countries KW - 330.05 KW - 338.91722 KW - Economic policy. KW - Economic conditions. KW - economisch beleid KW - croissance economique KW - liberalisation KW - AA / International- internationaal KW - 338.8 KW - 331.30 KW - 331.33 KW - 333.101 KW - 333.432.8 KW - 333.481 KW - politique economique KW - economische groei KW - liberalisering KW - Economische groei. KW - Economische toestand. KW - Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik. KW - Banksysteem en bankstelsel. KW - Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. KW - Monetaire crisissen, hervormingen, saneringen en stabilisering. KW - Working papers KW - Economische toestand KW - Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik KW - Banksysteem en bankstelsel KW - Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten KW - Monetaire crisissen, hervormingen, saneringen en stabilisering KW - Economische groei KW - Structural adjustment (Economic policy) - Developing countries KW - Developing countries - Economic policy KW - Developing countries - Economic conditions UR - https://www.unicat.be/uniCat?func=search&query=sysid:533261 AB - This volume examines the impact on economic performance of structural policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.--Publisher's description. ER -