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dc.contributor.authorHeinemann, Friedrichen_US
dc.date.accessioned2009-02-16T14:48:15Z-
dc.date.available2009-02-16T14:48:15Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/24048-
dc.description.abstractCountries are often slow to adjust their economic structures to new necessities although this reform reluctance is costly in terms of growth and employment. This paper analyses the relevant factors that block or foster economic reforms. Theoretical considerations show that there are at least three classes of potentially relevant factors: the objective need for reforms, political-economic issues and factors associated with limited rationality or rational ignorance. In the empirical analysis, a reform event is quantified as a significant change of the Economic Freedom of the World indicator within a five-year-period. This allows to run probit estimations for a large country panel starting in the 1970s where the probability of reform is explained by a number of proxies covering all three classes of potential factors. The results suggest that the initial extent of economic freedom and growth performance are empirically relevant factors. Furthermore, countries with an ageing population appear to behave less reform friendly.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 04-39en_US
dc.subject.jelE63en_US
dc.subject.jelH00en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic policy reformsen_US
dc.subject.keywordeconomic freedomen_US
dc.subject.keywordreform resistanceen_US
dc.subject.keywordlimited rationalityen_US
dc.subject.stwWirtschaftsreformen_US
dc.subject.stwSozialreformen_US
dc.subject.stwSoziale Bewegungen_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwBeschränkte Rationalitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwWirtschaftsliberalismusen_US
dc.subject.stwWelten_US
dc.titleExplaining Reform Deadlocksen_US
dc.typeWorking Paperen_US
dc.identifier.ppn386887306en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:2035-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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