On the reversibility of structural reforms

Nauro Campos and Roman Horvath

Economics Letters, 2012, vol. 117, issue 1, 217-219

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.

Keywords: Reform reversals; Price liberalization; Trade liberalization; Privatization; Political economy (search for similar items in EconPapers)
JEL-codes: D72 E23 H26 O17 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (9)

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Working Paper: On the Reversibility of Structural Reforms (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:217-219

DOI: 10.1016/j.econlet.2012.04.102

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