Open Access BASE2012
On the reversibility of structural reforms
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.
Themen
Sprachen
Englisch
Verlag
Bonn: Institute for the Study of Labor (IZA)
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