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Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss
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Structural Reforms and Economic Performance in Advanced and Developing Countries
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This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy,
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This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of develop
Assessing Job Flows Across Countries
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This paper reviews the process of job creation and destruction across a sample of 16 industrial and emerging economies over the past decade. It exploits a harmo