Initial conditions and the outcome of economic reform
AbstractThis paper studies how initial conditions affect the outcome of reform using the case of trade liberalization as an example. The paper illustrates empirically and theoretically the seemingly paradoxical case of larger impact of reform when initial conditions are poorer.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 101 (2008)
Issue (Month): 3 (December)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Economic reforms Reform-sequencing Initial conditions Developing countries Trade liberalization;
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- Aizenman, Joshua, 2005.
"Financial Liberalizations in Latin-America in the 1990s: A Reassessment,"
Santa Cruz Department of Economics, Working Paper Series
qt8g77c9dh, Department of Economics, UC Santa Cruz.
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- Joshua Aizenman, 2005. "Financial Liberalization in Latin-America in the 1990s: A Reassessment," NBER Working Papers 11145, National Bureau of Economic Research, Inc.
- Aizenman, Joshua, 2005. "Financial Liberalizations in Latin-America in the 1990s: A Reassessment," Santa Cruz Department of Economics, Working Paper Series qt6cb8b11h, Department of Economics, UC Santa Cruz.
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- Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
- Martin Rama, 2002.
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- Calderon, Cesar & Loayza, Norman & Schmidt-Hebbel, Klaus, 2005. "Does openness imply greater exposure ?," Policy Research Working Paper Series 3733, The World Bank.
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