On the Reversibility of Structural Reforms

Nauro Campos and Roman Horvath

No 6522, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 uses new reform indicators and 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) labour strikes propel reversals in the liberalization of wages and prices.

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)
Pages: 18 pages
Date: 2012-04
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Published - published in: Economics Letters, 2012, 117 (1), 217 - 219

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Journal Article: On the reversibility of structural reforms (2012)
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