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Drivers of Spain's export performance and the role of labor market reforms

Salas, Jorge - 2018

Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third of GDP. This paper argues that several factors contributed to that achievement: external demand, supported by greater diversification of destination markets; enhanced export...

Persistent link: https://www.econbiz.de/10011978685

The macroeconomic effects of labor and product market reforms in Morocco

Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...

Persistent link: https://www.econbiz.de/10012122485

Distributional implications of labor market reforms : learning from Spain's experience

Stepanyan, Ara; Salas, Jorge - 2020

Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create...

Persistent link: https://www.econbiz.de/10012177582

Labor market adjustment to shocks in Australia

Mohommad, Adil - 2017

Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several aspects of the adjustment, focusing on (i) evidence of increased labor market frictions following the commodity price decline; (ii)...

Persistent link: https://www.econbiz.de/10011704575

Structural reform packages, sequencing, and the informal economy

Munkacsi, Zsuzsa; Saxegaard, Magnus - 2017

This paper explores the macroeconomic impacts of labor and product market deregulation using a small open-economy model with formal and informal markets. We examine both the long-run effects and the transition towards the post-reform equilibrium, while our main focus are reform packages and...

Persistent link: https://www.econbiz.de/10011704605

Structural reforms and labor reallocation : a cross-country analysis

ElFayoumi, Khalid; Ndoye Faye, Anta; Nadeem, Sanaa; … - 2018

Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss in aggregate labor productivity. Using cross-country sector-level data, we use a dynamic panel error correction model to compute the...

Persistent link: https://www.econbiz.de/10011848170

Institutions, informality, and wage flexibility : evidence from Brazil

Estevão, Marcelo M.; Carvalho Filho, Irineu de - 2012

Persistent link: https://www.econbiz.de/10009572354

Crises, labor market policy, and unemployment

Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...

Persistent link: https://www.econbiz.de/10009572447

Labor market flexibility and unemployment : new empirical evidence of static and dynamic effects

Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012

Persistent link: https://www.econbiz.de/10009572457

EMU Challenges European Labor Markets

Krieger-Boden, Christiane - 1999

This paper discusses the challenges that European Monetary Union (EMU) poses for European labor markets, emphasizing in … adjust to shocks is largely a regional problem within EMU member countries, requiring structural reforms to enhance labor … successfully reform European labor markets and “make them fit for EMU” has to take into account the regional–and even a more …

Persistent link: https://www.econbiz.de/10014400813

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