ABSTRACT
Understanding what drives economic growth across countries has been a very important among academic researchers and policy makers alike. Early literature points out that human capital, physical infrastructure, macroeconomic indicators such as inflation, investment, government spending and trade matter for growth. In recent decades, however, the focus has been shifted towards structural reform and its impact on economic growth. In the quest for higher economic growth, various structural reform agendas have been designed and implemented over time. The efforts to establish a structural reform-growth nexus have been made for a long time with not much progress towards reaching a satisfactory answer. Although there may be several possible driving forces for economic growth, sound structural reform plays an important role in economic growth.
