The output effects of reforms: empirical evidence from 90 countries

Christos Mavrogiannis & Athanasios Tagkalakis

Economics and Business Letters2025https://doi.org/10.17811/ebl.14.3.2025.126-133article
AJG 1
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0.50

What the paper says

Utilizing a new annual dataset of structural reforms covering 90 countries from 1973 to 2014, we investigate the long-term effects of major reform shocks on growth. By applying the local projection method and addressing reform endogeneity with the Augmented Inverse Probability Weighted estimator, we find that reforms have a positive long-term effect on growth. Advanced economies reap the greatest benefits of reforms in the long term, while emerging market economies benefit in the short to medium term. Low-income countries enjoy only limited positive effects from reforms.

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https://doi.org/https://doi.org/10.17811/ebl.14.3.2025.126-133

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@article{christos2025,
  title        = {{The output effects of reforms: empirical evidence from 90 countries}},
  author       = {Christos Mavrogiannis & Athanasios Tagkalakis},
  journal      = {Economics and Business Letters},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.17811/ebl.14.3.2025.126-133},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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