"Structural reforms could have substantial effects on Argentina’s long-term GDP growth," an @IMFNews working paper argues, citing stagnant labor productivity and the need for supply-side measures. https://www.imf.org/en/Publications/WP/Issues/2018/08/03/Assessing-the-Impact-of-Structural-Reforms-Through-a-Supply-side-Framework-The-Case-of-45937 … 1/
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Recommendations include trade liberalization; increased domestic competition; improved infrastructure; less burdensome product market regulation; and tax and labor reform. 2/
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#Argentina's alternative future? "Limited catching up vis-à-vis advanced economies." 3/1 reply 0 retweets 1 likeShow this thread -
On the bright side, considering
#Argentina's unfavorable legal and policy frameworks, "policies to promote capital and labor utilization promise to have larger payouts, given the size of the gaps accumulated in both areas." 4/1 reply 0 retweets 1 likeShow this thread
Good news: it seems to me the EU-Mercosur trade deal provides meaningful competitiveness tailwinds, encouraging competition and permitting technology spillovers. 5/
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