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) | 0.006 | 0.003 | 0.009 | 0.002 | 0.008 | 0.001 | 0.147** | 0.003** | −0.002 | 0.001 | 0.014 | 0.006 | −0.036 | −0.002 |
(0.013) | (0.007) | (0.017) | (0.006) | (0.020) | (0.004) | (0.064) | (0.001) | (0.013) | (0.006) | (0.015) | (0.007) | (0.036) | (0.002) | |
Unemployment (difference) | −0.146 | −0.057 | −0.091 | −0.029 | −0.201 | −0.028 | −0.746 | −0.007 | −0.144 | −0.050 | −0.114 | −0.045 | −0.143 | −0.011* |
(0.125) | (0.049) | (0.098) | (0.036) | (0.175) | (0.019) | (0.509) | (0.009) | (0.118) | (0.044) | (0.107) | (0.046) | (0.100) | (0.007) | |
Gap growth (lag) | 0.041 | 0.011 | 0.048 | 0.009 | 0.027 | 0.001 | 0.105 | 0.001 | 0.041 | 0.009 | 0.021 | 0.004 | 0.145** | 0.007* |
(0.032) | (0.010) | (0.032) | (0.007) | (0.053) | (0.008) | (0.099) | (0.002) | (0.032) | (0.010) | (0.033) | (0.009) | (0.065) | (0.004) | |
Fiscal consolidation | 0.110 | 0.042 | 0.088 | 0.020 | 0.204 | 0.022 | 0.237 | −0.004 | 0.142 | 0.046 | 0.049 | 0.012 | 0.440 | 0.030 |
(0.198) | (0.078) | (0.189) | (0.055) | (0.420) | (0.053) | (0.707) | (0.019) | (0.215) | (0.080) | (0.208) | (0.068) | (0.362) | (0.027) | |
Fixed exchange | 0.012 | −0.014 | −0.439 | −0.091 | 1.003* | 0.077 | 2.178** | 0.087** | −0.323 | −0.101 | 0.173 | 0.038 | −14.291*** | −0.052* |
(0.215) | (0.076) | (0.393) | (0.064) | (0.544) | (0.070) | (0.958) | (0.036) | (0.239) | (0.066) | (0.214) | (0.072) | (0.794) | (0.027) | |
Election year | −0.016 | −0.003 | −0.230 | −0.061 | 0.604* | 0.058 | 0.697 | 0.014 | −0.040 | −0.017 | −0.084 | −0.024 | 0.294 | 0.021 |
(0.214) | (0.088) | (0.267) | (0.072) | (0.345) | (0.051) | (0.964) | (0.021) | (0.229) | (0.087) | (0.226) | (0.075) | (0.443) | (0.036) | |
Post-election | −0.396* | −0.127* | −0.550** | −0.131** | −0.093 | 0.004 | 1.075 | 0.028 | −0.507** | −0.155** | −0.363 | −0.100 | −0.586 | −0.027 |
(0.224) | (0.075) | (0.251) | (0.055) | (0.360) | (0.046) | (0.797) | (0.022) | (0.241) | (0.073) | (0.246) | (0.071) | (0.580) | (0.026) | |
Ideology | 0.181 | 0.076 | 0.377* | 0.106 | −0.307 | −0.030 | −0.935 | −0.015 | 0.215 | 0.090 | 0.336 | 0.115 | −0.802 | −0.039 |
(0.211) | (0.092) | (0.210) | (0.066) | (0.407) | (0.042) | (0.841) | (0.012) | (0.222) | (0.093) | (0.213) | (0.081) | (0.646) | (0.027) | |
GDP per capita (log, 2007) | 0.173** | 0.054 | 0.122 | 0.024 | 0.295** | 0.030 | 0.166 | −0.001 | 0.178** | 0.054 | 0.153 | 0.041 | 0.195 | 0.012 |
(0.079) | (0.033) | (0.115) | (0.031) | (0.149) | (0.023) | (0.367) | (0.007) | (0.083) | (0.034) | (0.097) | (0.033) | (0.176) | (0.013) | |
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 | 0.0373 | 0.0579 | 0.0393 | 0.0489 | 0.0801 | 0.0574 | 0.3468 | 0.0706 | 0.0375 | 0.0555 | 0.0439 | 0.0617 | 0.0987 | 0.0416 |
N | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 |