Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005

Figure 9. Change in primary fiscal positions and intensity of labour market reforms

Panel A. Ranks of changes in primary fiscal positions¹ over 1993-1997 and reform intensities over 1994-2004: OECD

Ranks of reform intensity over 1994-2004
30
28
26
24
22
20
18
16
14
12
10
8
6
4
2
0

0      2      4      6      8      10     12     14     16     18     20     22     24     26     28     30

Ranks of changes in primary fiscal balance between 1993 and 1997

CZE

ESP

♦ USA

♦ GRC

FRA

ISL

KOR

SVK

CHE

JPN

POL

♦ NZL

♦ LUX

CAN «

♦ NOR

GBR

PRT

• SWE

♦ AUS

♦ AUT

♦ IRE

ITA

♦ BEL

DEU
FIN

♦ NLD

DNK

(Spearman's rank) correlation coefficient: -0.01

Panel B. Ranks of changes in primary fiscal positions¹ over 1993-1997 and reform intensities over 1994-2004: EU-15

(Spearman's rank) correlation coefficient: -0.61 **

1. Rankings of changes in cyclically-adjusted primary fiscal surpluses between 1993 and 1997 (1995-1997 for Czech
Republic and Poland, 1994-1997 for Slovak Republic).

* significant at 10% level; ** significant at 5% level.

Source: Author's calculations.

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