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 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) labor strikes propel reversals in price liberalization.

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Year of publication:	2012
Authors:	Campos, Nauro F. ; Horváth, Roman
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 1, p. 217-219
Publisher:	Elsevier
Subject:	Reform reversals \| Price liberalization \| Trade liberalization \| Privatization \| Political economy

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Type of publication:	Article
Classification:	E23 - Production ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; H26 - Tax Evasion ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041856