On the reversibility of structural reforms

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 6522

Classification and Topics

• Classification: Wirtschaft ; Macroeconomics: Production ; Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior ; Tax Evasion and Avoidance ; Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
• Subject: reform reversals ; price liberalization ; trade liberalization ; privatization ; political economy ; Wirtschaftsreform ; Deregulierung ; Privatisierung ; Außenhandelsliberalisierung ; Public Choice

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Campos, Nauro F. ; Horváth, Roman
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/58486
• URN: urn:nbn:de:101:1-2012081412470
• Last update: 10.03.2025, 11:41 AM CET