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Structural reforms in Latin America: What has been reformed and how to measure it?

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Eduardo Lora ()

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Abstract

(Available only in Spanish) This document, which is a revision of the original work, describes and measures the progress of structural reforms, using a structural policy index which summarizes the state of progress of policies in the commercial, financial, tax, privatization and labor areas. A parallel article uses this index to evaluate the effect of structural reforms on growth, productivity, and investment in Latin America. The index is directly based on policy variables such as those mentioned. The index compares the state of the various policy areas in a particular country or of each policy between countries. On a scale from 0 to 1, the average index for all the countries and areas of structural policy was at a level of 0. 34 in 1985. By the end of the 1990s, the index had reached 0. 58. This change reveals appreciable progress, but also reflects the fact that there is still an important potential to be exploited.

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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number 4287.

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Date of creation: Dec 2001
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Handle: RePEc:idb:wpaper:4287

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Wacziarg, Romain, 1998. "Measuring the dynamic gains from trade," Policy Research Working Paper Series 2001, The World Bank. [Downloadable!]
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  2. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1995-1), pages 1-118. [Downloadable!]
  3. Miguel Székely & Nancy Birdsall & Jere R. Behrman, 2000. "Economics Reform and Wage Differentials in Latin America," RES Working Papers 4235, Inter-American Development Bank, Research Department. [Downloadable!]
  4. Eduardo Fernández-Arias & Peter Montiel, 1997. "Reform and Growth in Latin America: All Pain, No Gain?," RES Working Papers 4078, Inter-American Development Bank, Research Department. [Downloadable!]
  5. Easterly, William & Loayza, Norman & Montiel, Peter, 1997. "Has Latin America's post-reform growth been disappointing?," Journal of International Economics, Elsevier, vol. 43(3-4), pages 287-311, November. [Downloadable!] (restricted)
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  6. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-national Evidence," Electronic Working Papers 99-003, University of Maryland, Department of Economics. [Downloadable!]
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  7. Edwards, Sebastian, 1998. "Openness, Productivity and Growth: What Do We Really Know?," Economic Journal, Royal Economic Society, vol. 108(447), pages 383-98, March. [Downloadable!] (restricted)
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  8. 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. [Downloadable!] (restricted)
  9. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March. [Downloadable!] (restricted)
  10. 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. [Downloadable!]
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  11. James J. Heckman & Carmen Pages, 2000. "The Cost of Job Security Regulation: Evidence from Latin American Labor Markets," NBER Working Papers 7773, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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