How long does it take until the positive effects of structural reforms do materialize?
|Author:||Bc. Jan Hanzal|
|Year:||2020 - summer|
|Leaders:|| PhDr. Jaromír Baxa Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||This thesis studies the topic of the effects of structural reforms over time. The
research performed until now has suggested that the dynamic effects of reforms
are clear, with neutral effects or costs in the short term, and important benefits
in the medium to long term. In order to verify this seemingly settled view, this
thesis tests the robustness of a well-established research paper on this topic by
using an extended dataset and performing modifications to the measurement
of several variables in the underlying model. Our results do not confirm the
usual hypotheses, showing effects that are mostly not statistically or practically