On the Reversibility of Structural Reforms
What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase the probability of external liberalization reversals and (c) labour strikes propel reversals in the liberalization of wages and prices.
|Date of creation:||Apr 2012|
|Date of revision:|
|Publication status:||published in: Economics Letters, 2012, 117 (1), 217 - 219|
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- Campos, Nauro F & Horváth, Roman, 2006.
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IZA Discussion Papers
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ULB Institutional Repository
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"Reform reversals and output growth in transition economies,"
2003013, University of Antwerp, Faculty of Applied Economics.
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- B. Merlevede, 2003. "Reform Reversals and Output Growth in Transition Economies," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/183, Ghent University, Faculty of Economics and Business Administration.
- Campos, Nauro F. & Horváth, Roman, 2012. "Reform redux: Measurement, determinants and growth implications," European Journal of Political Economy, Elsevier, vol. 28(2), pages 227-237.
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