Different economies need different types of structural reform, IMF paper finds
Grouping reforms in ‘waves’ can sometimes bring benefits
The kind of structural reform a country should prioritise depends on its level of economic development, according to a paper published today (November 9) by the International Monetary Fund.
The policy paper is an attempt to give the fund more of a "strategic and analytically sound" approach to structural reforms and "effectively support the range of macro-structural needs" across all IMF member countries, the authors say.
The paper analyses the impact on total factor productivity (TFP) of a
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