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From Discussion to Action: Characterizing Areas of Reform in Latin America and the Caribbean

Author

Listed:
  • Bustos, Sebastián
  • Céspedes, Luis Felipe
  • Leon-Diaz, John
  • Orduz, María

Abstract

Structural reforms modify the institutional and regulatory framework to foster economic growth and improve welfare. While initially linked to economic liberalization, the concept has expanded to encompass a more comprehensive array of sector-specific interventions. However, the increased level of detail in these reforms presents significant challenges in accurately identifying the specific type of reform implemented by each country. In this study, we employ a comprehensive analysis of the policy discussions in Article IV Staff Reports of the International Monetary Fund to shed light on the dynamic nature of reforms and unveil regional disparities in reform priorities. The findings demonstrate a notable shift in Latin American and the Caribbean countries, where there is a growing emphasis on reforms that prioritize transparency, enhance institutional quality, advance education and healthcare systems, and strengthen safety nets.

Suggested Citation

  • Bustos, Sebastián & Céspedes, Luis Felipe & Leon-Diaz, John & Orduz, María, 2023. "From Discussion to Action: Characterizing Areas of Reform in Latin America and the Caribbean," IDB Publications (Working Papers) 13118, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:13118
    DOI: http://dx.doi.org/10.18235/0005171
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    Citations

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    Cited by:

    1. Saiz Álvarez, José Manuel & Mendoza Macías, Marlene Mariluz, 2015. "Innovación y creatividad como motores de desarrollo y RSC. El caso de las empresas de Guayaquil (Ecuador) [Innovation and Creativity as Engines for Development and CSR. The case of firms in Guayaqu," MPRA Paper 86611, University Library of Munich, Germany.
    2. Scott, Gregory J., 2014. "Agregando valores às cadeias de valor," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 54(1), January.

    More about this item

    Keywords

    structural reforms; narrative approach; text analys;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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