From: Drivers and effects of labour market reforms: Evidence from a novel policy compendium
Total reforms | Direction | Temporal horizon | Coverage | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Increasing reforms | Decreasing reforms | Temporary reforms | Permanent reforms | Complete reforms | Two-tier reforms | |||||||||
NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | |
Unemployment (lag) | 0.052* | 0.161 | −0.023 | −0.020 | 0.090*** | 0.181* | 0.169*** | 0.052** | 0.034 | 0.109 | 0.075*** | 0.135 | 0.019 | 0.026 |
(0.027) | (0.115) | (0.030) | (0.022) | (0.032) | (0.097) | (0.035) | (0.022) | (0.027) | (0.096) | (0.029) | (0.082) | (0.032) | (0.037) | |
Unemployment (difference) | 0.130** | 0.419* | 0.011 | 0.012 | 0.157** | 0.407** | 0.197* | 0.076* | 0.122* | 0.342* | 0.187** | 0.285** | 0.085 | 0.134 |
(0.063) | (0.206) | (0.079) | (0.064) | (0.071) | (0.170) | (0.110) | (0.041) | (0.065) | (0.182) | (0.073) | (0.129) | (0.070) | (0.093) | |
Gap growth (lag) | 0.002 | 0.067 | −0.038 | −0.025 | 0.024 | 0.091 | 0.075 | 0.020 | −0.003 | 0.047 | 0.010 | 0.045 | 0.001 | 0.022 |
(0.045) | (0.128) | (0.045) | (0.035) | (0.052) | (0.100) | (0.090) | (0.014) | (0.047) | (0.124) | (0.059) | (0.098) | (0.044) | (0.041) | |
Fiscal consolidation | 0.100 | 0.178 | 0.225 | 0.194 | 0.095 | −0.016 | −0.033 | −0.002 | 0.084 | 0.180 | 0.103 | 0.007 | 0.128 | 0.171 |
(0.206) | (0.666) | (0.240) | (0.205) | (0.237) | (0.557) | (0.354) | (0.089) | (0.225) | (0.629) | (0.236) | (0.460) | (0.202) | (0.237) | |
Fixed exchange | 0.441* | 0.524 | 0.526** | 0.368*** | 0.521 | 0.156 | −0.006 | −0.034 | 0.491* | 0.558 | 0.188 | 0.138 | 0.779*** | 0.385** |
(0.252) | (0.447) | (0.207) | (0.118) | (0.366) | (0.390) | (0.469) | (0.070) | (0.264) | (0.410) | (0.278) | (0.305) | (0.274) | (0.179) | |
Election year | −0.045 | −0.164 | 0.295 | 0.154 | −0.390 | −0.319 | −0.561 | −0.054 | −0.053 | −0.110 | −0.076 | −0.142 | −0.019 | −0.022 |
(0.200) | (0.417) | (0.259) | (0.178) | (0.248) | (0.314) | (0.590) | (0.088) | (0.217) | (0.389) | (0.245) | (0.290) | (0.251) | (0.176) | |
Post-election | 0.111 | 0.278 | 0.288 | 0.212 | −0.038 | 0.066 | −0.471 | −0.047 | 0.148 | 0.325 | −0.103 | 0.168 | 0.273 | 0.110 |
(0.203) | (0.497) | (0.234) | (0.173) | (0.273) | (0.390) | (0.387) | (0.067) | (0.231) | (0.494) | (0.305) | (0.388) | (0.208) | (0.177) | |
Ideology | 0.435** | 0.429 | 0.324 | 0.203 | 0.430* | 0.225 | 0.240 | 0.056 | 0.468** | 0.372 | 0.538** | 0.355 | 0.265 | 0.073 |
(0.182) | (0.414) | (0.246) | (0.171) | (0.245) | (0.299) | (0.392) | (0.078) | (0.196) | (0.387) | (0.210) | (0.291) | (0.229) | (0.169) | |
GDP per capita (log, 2007) | −0.721*** | −0.735 | −0.487** | −0.330** | −0.984*** | −0.405 | 0.261 | 0.137 | −0.820*** | −0.872 | −0.712** | −0.361 | −0.749*** | −0.374* |
(0.261) | (0.619) | (0.208) | (0.124) | (0.363) | (0.531) | (0.440) | (0.101) | (0.274) | (0.545) | (0.330) | (0.444) | (0.265) | (0.217) | |
Year dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Regional dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes |
Country dummies | No | No | No | No | No | No | No | No | Yes | Yes | No | No | No | No |
(Pseudo) R-squared | 0.0910 | 0.2111 | 0.0827 | 0.1460 | 0.1134 | 0.2190 | 0.2025 | 0.2219 | 0.0847 | 0.1905 | 0.0926 | 0.1936 | 0.1104 | 0.1748 |
N | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 | 245 |