What Makes Reforms Likely? Timing and Sequencing of Structural Reforms in Latin America

Eduardo Lora

No 4217, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: The wave of structural reforms in Latin America and elsewhere has stimulated the development of a wide body of theoretical literature on the political economy of reform, i. e. , the study of the political constraints that condition the timing, speed and sequencing of reforms. This paper tests some of the hypotheses associated with these theoretical models, using a set of structural reform indicators for approximately twenty Latin American countries for the period 1985-1995. Although there is strong support for some hypotheses, recent reforms in Latin America cannot be adequately explained without either better theories or better data.

Date: 2000-06
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Related works:
Working Paper: What Makes Reforms Likely?: Timing and Sequencing of Structural Reforms in Latin America (2000)
Working Paper: What Makes Reforms Likely? Timing and Sequencing of Structural Reforms in Latin America (1998)
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