Growth-Promoting Policies and Macroeconomic Stability

Sutherland, Douglas; Hoeller, Peter

doi:10.2139/ssrn.2362204

Cited by 10 publications

(12 citation statements)

References 89 publications

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“…In this regard, (Campos, Estrin, & Proto, ) find that corruption can represent an important barrier for new firms, enhancing monopoly power and rents earned by incumbent firms. This is consistent with the evidence provided by Sutherland and Hoeller (), who show that stringent product market regulations reduces ex‐post resilience by increasing the persistence of economic downturns. In turn, Rodríguez‐Pose and Di Cataldo () find that the quality of government affects innovative performance at the regional level, which confirms the existence of a positive connection between governance and regional competitiveness.…”

Section: Why Should the Quality Of Government Affect Regional Resiliesupporting

confidence: 92%

Quality of government and regional resilience in the European Union. Evidence from the Great Recession

Ezcurra

Ríos

2019

Papers in Regional Science

102

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This paper examines the relationship between quality of government and regional resilience in the European Union during the Great Recession. The results show that the quality of government is an important factor when shaping the regional reaction to the crisis. Our estimates reveal that higher quality of government is associated with greater regional resilience over the Great Recession. This is partly due to the role played in this context by spatial spillovers induced by the quality of government in neighbouring regions. The observed link between governance and regional resilience is robust to the inclusion in the analysis of different explanatory variables that may affect both government quality and regional resilience. Likewise, our findings do not depend on the specific dimension of governance considered, the estimation method or the econometric specification employed to capture the nature of spatial spillovers.

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Section: Why Should the Quality Of Government Affect Regional Resiliesupporting

confidence: 92%

Quality of government and regional resilience in the European Union. Evidence from the Great Recession

Ezcurra

Ríos

2019

Papers in Regional Science

102

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“…Such problems not only reduce productivity in the financial sector, but also limit the role that consumption and investment smoothing can have in tempering macroeconomic volatility. The empirical evidence suggests that there does not need to be a trade-off between the growth-enhancing effects of deeper financial markets and higher macroeconomic stability (Sutherland and Hoeller, 2013).…”

Section: The Financial Sectormentioning

confidence: 99%

Boosting Growth and Reducing Informality in Mexico

Dougherty

2015

OECD Economics Department Working Papers

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“…In the wake of the recent crisis, side-effects of growth-enhancing policies on other dimensions of well-being have been at the forefront of OECD analysis. An important dimension is the effect of growthenhancing policies on economic stability, which recent studies for the Working Party have assessed at the macroeconomic level (Sutherland et al, 2012;Ziemann, 2013;Sutherland and Hoeller, 2013). From a welfare perspective, instability at the level of individual workers or households is even more relevant.…”

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confidence: 99%