← Back to results The output effects of reforms: empirical evidence from 90 countries Christos Mavrogiannis & Athanasios Tagkalakis
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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@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},
} TY - JOUR
TI - The output effects of reforms: empirical evidence from 90 countries
AU - Mavrogiannis, Christos
AU - Tagkalakis, Athanasios
JO - Economics and Business Letters
PY - 2025
ER - Christos Mavrogiannis & Athanasios Tagkalakis (2025). The output effects of reforms: empirical evidence from 90 countries. *Economics and Business Letters*. https://doi.org/https://doi.org/10.17811/ebl.14.3.2025.126-133 Christos Mavrogiannis & Athanasios Tagkalakis. "The output effects of reforms: empirical evidence from 90 countries." *Economics and Business Letters* (2025). https://doi.org/https://doi.org/10.17811/ebl.14.3.2025.126-133. The output effects of reforms: empirical evidence from 90 countries
Christos Mavrogiannis & Athanasios Tagkalakis · Economics and Business Letters · 2025
https://doi.org/https://doi.org/10.17811/ebl.14.3.2025.126-133 Copy
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Flag this paper Evidence weight Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
F · citation impact 0.50 × 0.4 = 0.20 M · momentum 0.50 × 0.15 = 0.07 V · venue signal 0.50 × 0.05 = 0.03 R · text relevance † 0.50 × 0.4 = 0.20
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