{"title":"The macroeconomic impact of structural reforms: The case of Italy","authors":"","doi":"10.1016/j.jpolmod.2024.05.002","DOIUrl":null,"url":null,"abstract":"<div><p><span>We propose a methodology to map structural reforms from granular data to an aggregate model, exploring their transmission mechanisms and their macroeconomic and social impacts. The study focuses on the rich case of the reforms associated with the Italian Recovery and Resilience Plan. We document a significant potential impact on medium- and long-term GDP and find that the </span>labour market and education measures are the main drivers of the impact on GDP and employment. We also examine the distributional impact of the reforms on the functional income distribution.</p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":null,"pages":null},"PeriodicalIF":3.5000,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Policy Modeling","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0161893824000437","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
We propose a methodology to map structural reforms from granular data to an aggregate model, exploring their transmission mechanisms and their macroeconomic and social impacts. The study focuses on the rich case of the reforms associated with the Italian Recovery and Resilience Plan. We document a significant potential impact on medium- and long-term GDP and find that the labour market and education measures are the main drivers of the impact on GDP and employment. We also examine the distributional impact of the reforms on the functional income distribution.
我们提出了一种将结构性改革从细粒度数据映射到总体模型的方法，以探索其传导机制及其对宏观经济和社会的影响。我们将重点放在与意大利复苏和恢复计划（RRP）相关的改革这一丰富案例上。我们记录了改革对中长期 GDP 的重大潜在影响，并发现劳动力市场和教育措施是影响 GDP 和就业的主要驱动力。我们还研究了改革对功能性收入分配的分配效应。
期刊介绍：
The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.
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