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Why are Latin Americans so Unhappy about Reforms?

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  • Ugo Panizza
  • Mónica Yañez

Abstract

The objective of this paper is to use opinion polls to document Latin Americans' increasing discontent with reforms and to explore possible explanations for this trend. We test four possible explanations for the rejection of reforms. The first focuses on a change in political orientation. The second focuses on a change in political activism on the part of those who oppose reforms. The third focuses on trust in political actors. The fourth focuses on the economic situation. There is also an important set of explanations for the rejection of reforms that we do not consider in this paper.

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Bibliographic Info

Paper provided by Inter-American Development Bank in its series IDB Publications with number 6697.

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Date of creation: Jul 2006
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Handle: RePEc:idb:brikps:6697

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Keywords: Economics; Public Utilities; WP-567;

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References

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  1. Leonardo Gasparini & Walter Sosa, 2001. "Assessing Aggregate Welfare: Growth and Inequality in Argentina," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 38(113), pages 49-71.
  2. Ugo Panizza & Alejandro Gaviria & Ernesto H. Stein & Jessica Seddon Wallack, 2000. "Political Institutions and Growth Collapses," Research Department Publications, Inter-American Development Bank, Research Department 4207, Inter-American Development Bank, Research Department.
  3. Rafael Di Tella & Robert MacCulloch, 2009. "Why Doesn't Capitalism Flow to Poor Countries?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 285-332.
  4. James A. Robinson & Daron Acemoglu, 2000. "Political Losers as a Barrier to Economic Development," American Economic Review, American Economic Association, American Economic Association, vol. 90(2), pages 126-130, May.
  5. Sergio Pernice & Federico Sturzenegger, 2004. "Culture and social resistance to reform: a theory about the endogeneity of public beliefs with an application to the case of Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 275, Universidad del CEMA.
  6. Rafael Di Tella & Alberto Ades, 1999. "Rents, Competition, and Corruption," American Economic Review, American Economic Association, American Economic Association, vol. 89(4), pages 982-993, September.
  7. Guillermo Calvo, 2002. "Globalization Hazard and Delayed Reform in Emerging Markets," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
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Cited by:
  1. Rafael Di Tella & Robert MacCulloch, 2007. "Why Doesn't Capitalism Flow to Poor Countries?," NBER Working Papers 13164, National Bureau of Economic Research, Inc.
  2. Denisova, Irina & Eller, Markus & Frye, Timothy & Zhuravskaya, Ekaterina, 2009. "Who Wants To Revise Privatization? The Complementarity of Market Skills and Institutions," CEPR Discussion Papers, C.E.P.R. Discussion Papers 7260, C.E.P.R. Discussion Papers.
  3. Irina Denisova & Markus Eller & Timothy Frye & Ekaterina Zhuravskaya, 2010. "Everyone Hates Privatization, but Why? Survey Evidence from 28 Post-Communist Countries," Working Papers w0143, Center for Economic and Financial Research (CEFIR).
  4. Murillo, Maria Victoria & Foulon, Carmen Le, 2006. "Crisis and policymaking in Latin America: The case of Chile's 1998-99 electricity crisis," World Development, Elsevier, Elsevier, vol. 34(9), pages 1580-1596, September.
  5. Quichun He & Meng Sun & Heng-Fu Zou, 2013. "Financial deregulation, absorptive capability, technology diffusion and growth: Evidence from Chinese panel data," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 275-302, November.
  6. Irina Denisova & Markus Eller & Timothy Frye & Ekaterina Zhuravskaya, 2007. "Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries," Working Papers w0105, Center for Economic and Financial Research (CEFIR).
  7. Carro Fernandez, Martha, 2007. "Welcoming Foreign Direct Investment? A Political Economy Approach to FDI Policies in Argentina and Brazil," MPRA Paper 47252, University Library of Munich, Germany.

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