| Περίληψη: | Structural reforms are fundamentally actions that alter the structure of an economy,
changing the institutional and regulatory framework within which firms and
individuals function. The recent economic crisis exposed certain weaknesses in the
worldwide economy creating the need for more flexible and deregulated markets
in order to increase growth and productivity. By using macro-economic data from
the World Bank and OECD as well as OECD regulation indices and World Bank
governance indicators this dissertation studies the impact that strict regulatory
framework has on growth, productivity, and employment rate. The analysis is
based on panel data for OECD countries from 1990 to 2019 and the main results
suggest that reforms which are focusing on the deregulation of the labour and
product market, governance and regulatory framework have a positive impact on
productivity and economic growth.
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