Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24048 
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dc.contributor.authorHeinemann, Friedrichen
dc.date.accessioned2009-02-16T14:48:15Z-
dc.date.available2009-02-16T14:48:15Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/24048-
dc.description.abstractCountries are often slow to adjust their economic structures to new necessitiesalthough this reform reluctance is costly in terms of growth and employment. Thispaper analyses the relevant factors that block or foster economic reforms.Theoretical considerations show that there are at least three classes of potentiallyrelevant factors: the objective need for reforms, political-economic issues andfactors associated with limited rationality or rational ignorance. In the empiricalanalysis, a reform event is quantified as a significant change of the EconomicFreedom of the World indicator within a five-year-period. This allows to run probitestimations for a large country panel starting in the 1970s where the probability ofreform is explained by a number of proxies covering all three classes of potentialfactors. The results suggest that the initial extent of economic freedom and growthperformance are empirically relevant factors. Furthermore, countries with an ageingpopulation appear to behave less reform friendly.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x04-39en
dc.subject.jelE63en
dc.subject.jelH00en
dc.subject.ddc330en
dc.subject.keywordeconomic policy reformsen
dc.subject.keywordeconomic freedomen
dc.subject.keywordreform resistanceen
dc.subject.keywordlimited rationalityen
dc.subject.stwWirtschaftsreformen
dc.subject.stwSozialreformen
dc.subject.stwSoziale Bewegungen
dc.subject.stwPublic Choiceen
dc.subject.stwBeschränkte Rationalitäten
dc.subject.stwSchätzungen
dc.subject.stwWirtschaftsliberalismusen
dc.subject.stwWelten
dc.titleExplaining Reform Deadlocks-
dc.typeWorking Paperen
dc.identifier.ppn386887306en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:2035en

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