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dc.contributor.authorGassebner, Martinen_US
dc.contributor.authorGaston, Noelen_US
dc.contributor.authorLamla, Michaelen_US
dc.date.accessioned2008-10-23en_US
dc.date.accessioned2011-10-06T15:41:36Z-
dc.date.available2011-10-06T15:41:36Z-
dc.date.issued2007en_US
dc.identifier.pidoi:10.3929/ethz-a-005552205en_US
dc.identifier.urihttp://hdl.handle.net/10419/50436-
dc.description.abstractThis paper examines whether a country's economic reforms are affected by reforms adopted by other countries. A simple model of economic reforms is developed to motivate the econometric work. Unsurprisingly, the model predicts that reforms are more likely when factors of production are internationally mobile and reforms are pursued in other economies. More interesting is the finding that reforms are not driven by greater trade openness. Using the change in the Index of Economic Freedom as the measure of market-liberalising reforms, we examine two issues. Using data for a panel of 144 countries and the years 1995-2006, we identify the most important channels through which reforms are transmitted from country to country. We find evidence of the importance of reforms in other countries. Moreover, consistent with our model, international trade is not a vehicle for the diffusion of economic reforms, rather the most important mechanism is geographical or cultural proximity.en_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 187en_US
dc.subject.jelH71en_US
dc.subject.jelH77en_US
dc.subject.jelP51en_US
dc.subject.jelO57en_US
dc.subject.ddc330en_US
dc.subject.keywordEconomic reformsen_US
dc.subject.keywordeconomic freedomen_US
dc.subject.keywordresource flow modelsen_US
dc.subject.keywordspatial interdependenceen_US
dc.subject.stwWirtschaftsreformen_US
dc.subject.stwAnsteckungseffekten_US
dc.subject.stwPanelen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleThe inverse domino effect: Are economic reforms contagious?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn583359299en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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