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Structural Reforms in Latin America: What Has Been Reformed and How to Measure It

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  • Eduardo Lora

Abstract

This document is an update of an earlier study (Lora, 1997), which argued that the lack of direct measurements of structural policies had stood in the way of adequately evaluating the effects of the reforms on economic growth and other variables. The aim is to describe and measure the advance of the structural reforms, using for that purpose a structural policies index that summarizes the status of progress in policies in the trade, financial, tax, privatization, and labor areas. The first part of this document is devoted to describing the most important advances in the various areas of structural policy since the 1980s. The second part of the study presents the methodology for constructing the index and shows its overall evolution in each of the areas over time and by country.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 39858.

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Date of creation: Dec 2001
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Handle: RePEc:idb:brikps:39858

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Keywords: Fiscal Policy; Economic Development & Growth; Trade Facilitation; fiscal incentives; production & investment; trade facilitation; structural reforms;

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  1. Carmen Pagés-Serra & James J. Heckman, 2000. "The Cost of Job Security Regulation: Evidence from Latin American Labor Markets," IDB Publications 4119, Inter-American Development Bank.
  2. Eduardo Fern·ndez-Arias & Peter Montiel, 2001. "Reform and Growth in Latin America: All Pain, No Gain?," IMF Staff Papers, Palgrave Macmillan, vol. 48(3), pages 5.
  3. Barth, James R. & Caprio Jr., Gerard & Levine, Ross, 2001. "Bank regulation and supervision : what works best?," Policy Research Working Paper Series 2725, The World Bank.
  4. Edwards, Sebastian, 1998. "Openness, Productivity and Growth: What Do We Really Know?," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 108(447), pages 383-98, March.
  5. Rodríguez, Francisco & Rodrik, Dani, 1999. "Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2143, C.E.P.R. Discussion Papers.
  6. Miguel Székely & Nancy Birdsall & Jere R. Behrman, 2000. "Economics Reform and Wage Differentials in Latin America," IDB Publications 6476, Inter-American Development Bank.
  7. Wacziarg, Romain, 2000. "Measuring the Dynamic Gains from Trade," Research Papers, Stanford University, Graduate School of Business 1654, Stanford University, Graduate School of Business.
  8. Eduardo Lora & Ugo Panizza, 2002. "Structural Reforms in Latin America under Scrutiny," Research Department Publications, Inter-American Development Bank, Research Department 4303, Inter-American Development Bank, Research Department.
  9. Jong-Wha Lee, 1993. "International Trade, Distortions, and Long-Run Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 40(2), pages 299-328, June.
  10. Easterly, William & Loayza, Norman & Montiel, Peter, 1997. "Has Latin America's post-reform growth been disappointing?," Policy Research Working Paper Series 1708, The World Bank.
  11. 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.
  12. Dollar, David, 1992. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985," Economic Development and Cultural Change, University of Chicago Press, vol. 40(3), pages 523-44, April.
  13. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
  14. Carmen Pagés-Serra, 2000. "The Cost of Job Security Regulation: Evidence from Latin American Labor Markets," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
  15. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
  16. repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
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