EconPapers    
Economics at your fingertips  
 

Reform, Uncertainty and Spillovers - A Gravity Model Approach

Jan Fidrmuc, Elira Karaja () and Ariane Tichit ()

No 3745, CESifo Working Paper Series from CESifo Group Munich

Abstract: Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple theoretical model and then test it empirically. Our results confirm the presence of informational spillovers with respect to political liberalization but offer little support for informational spillovers with respect to economic reforms.

Keywords: reform; transition; institutions; uncertainty; spillovers; contagion (search for similar items in EconPapers)
JEL-codes: O11 O47 P27 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.cesifo-group.de/DocDL/cesifo1_wp3745.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_3745

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Group Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

 
Page updated 2019-10-14
Handle: RePEc:ces:ceswps:_3745