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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.

Suggested Citation

  • Eduardo Lora, 2001. "Structural reforms in Latin America: What has been reformed and how to measure it?," Research Department Publications 4287, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4287
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    References listed on IDEAS

    as
    1. Eduardo Lora, 1997. "A Decade of Structural Reform in Latin America: What Has Been Reformed and How to Measure It," Research Department Publications 4074, Inter-American Development Bank, Research Department.
    2. Carmen Pagés-Serra & James J. Heckman, 2000. "The Cost of Job Security Regulation: Evidence from Latin American Labor Markets," Research Department Publications 4227, Inter-American Development Bank, Research Department.
    3. Eduardo Lora & Ugo Panizza, 2002. "Structural Reforms in Latin America under Scrutiny," Research Department Publications 4303, Inter-American Development Bank, Research Department.
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