On the Reversibility of Structural Reforms

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2012 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Campos, Nauro F; Horváth, Roman;

doi: 10.2139/ssrn.2051365 , 10.1016/j.econlet.2012.04.102

handle: 10419/58486

On the Reversibility of Structural Reforms

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Abstract

Abstract 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.

Related Organizations

Charles University
Institute for the Study of Labor
Germany
Brunel University London
United Kingdom
Jean Monnet University
France
International Research Universities Network
Netherlands

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Keywords

privatization, trade liberalization, price liberalization, reform reversals, political economy, Deregulierung, ddc:330, H26, price liberalization, O17, Wirtschaftsreform, privatization, trade liberalization, political economy, D72, Public Choice, E23, reform reversals, Privatisierung, Außenhandelsliberalisierung, jel: jel:D72, jel: jel:E23, jel: jel:H26, jel: jel:O17

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