A race to liberalization? Diffusion of economic policy reform among OECD-economies

Hans Pitlik

Public Choice, 2007, vol. 132, issue 1, 159-178

Abstract: Most OECD economies witnessed a liberalization of economic policies over the past thirty years. The present paper examines to what extent this development is caused by domestic political and economic factors on the one hand, and international policy diffusion via competitive interaction of governments on the other. Employing a comprehensive index of economic reform it can be shown that policy diffusion is a driving factor for economic liberalization. Especially in the fields of regulatory, monetary and trade policies we find significant interdependence of policy choices, as suggested by theories of policy diffusion. Copyright Springer Science+Business Media, LLC 2007

Keywords: Market-oriented reform; Policy diffusion; Yardstick competition (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (98)

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DOI: 10.1007/s11127-006-9140-y

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