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The Political Economy of Policy Reform in the Philippines: 1992-1998

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  • Eduardo Araral

Abstract

From 1992 to 1998, the Philippines saw a period of sweeping policy reforms when 273 economic, social and political legislations were adopted. When and why do policy reforms happen and what explains the scope, pace and sequencing of their implementation? My analytic narrative differs from the literature in its emphasis on: (1) the attributes of the players, particularly the role of leadership; (2) the attributes of the policy; and (3) the political rules of the game, including electoral cycles, tenure limits, veto rules and “turncoatism.”

Suggested Citation

  • Eduardo Araral, 2006. "The Political Economy of Policy Reform in the Philippines: 1992-1998," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 9(4), pages 261-274.
  • Handle: RePEc:taf:jpolrf:v:9:y:2006:i:4:p:261-274
    DOI: 10.1080/13841280601101599
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    References listed on IDEAS

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    1. Lee Alston & Andres Gallo, 2002. "The Political Economy of Bank Reform in Argentina Under Convertibility," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(1), pages 1-16.
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    Cited by:

    1. Magnoli Bocchi, Alessandro, 2008. "Rising growth, declining investment : the puzzle of the Philippines," Policy Research Working Paper Series 4472, The World Bank.

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