Arbeitspapier

Reform redux: measurement, determinants and reversals

We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration of political power drives internal liberalization, and democracy underpins all three. We find that FDI inflows reduce the probability of privatization reversals, labour strikes increase that of internal liberalization reversals, and OECD growth increase that of external liberalization reversals. We replicate previous studies and find that the macroeconomic effects of reform (when measured objectively) tend to be larger and more precisely estimated.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 2093

Klassifikation
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
Thema
reform : liberalization
privatization
political economy
transition
Systemtransformation
Politische Reform
Deregulierung
Kapitalmarktliberalisierung
Direktinvestition
Transformationsstaaten

Ereignis
Geistige Schöpfung
(wer)
Campos, Nauro F.
Horváth, Roman
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2006

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Campos, Nauro F.
  • Horváth, Roman
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2006

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