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The relationship between public policy reforms and productivity, investment, employment and per capita income
Published: September 13, 2022

The journal Public Sector Economics and its publisher, the Institute of Public Finance, organised a virtual presentation of the paper written by Balázs Égert, Head of the Quantification of Economic Reforms Unit in the Economics Department, OECD, on public policy reforms and their impact on productivity, investment and employment: new evidence from OECD and non-OECD countries.

 
This presentation is based on an article published in the journal Public Sector Economics that evaluates the economic outcomes of public policy reforms, including productivity, investment, employment and long-term per capita income in OECD and non-OECD countries. The paper finds that more competition-friendly product market regulations are associated with improved economic outcomes, and more flexible labour market regulations with higher employment rates. In particular, there is a robust relationship between lower barriers to entry and less pervasive state control over the business sector on the one hand, and larger capital stock and higher employment rates on the other. In addition, the quality of institutions strongly affects the economic performance. Policy reforms interact with each other, attenuating and amplifying each others’ effects.
 
The presentation was moderated by Dubravko Mihaljek, Head of Operations, Monetary and Economic Department, Bank for International Settlements in Basel. A recording and a presentation of this interesting and valuable lecture are also available.
 
 

Archive
Public Sector Economics Conference
 
The Institute of Public Finance is organizing the annual virtual Public Sector Economics 2022 Conference – Ageing and Long-Term Care to be held on October 21, 2022. The goal of the conference is to analyse the current state of long-term care around the world and provide new policy options for tackling challenges that population ageing will bring to long-term care. 

Additional information is available at the conference website.

 

IPF Notes
 
Mihaela Bronić and Josip Franić have published the analysis Central government budget transparency: Croatia records slight drop compared to previous research cycle, in which they comment the latest results of the international research conducted by the International Budget Partnership.
 

 
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