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Title:On the reversibility of structural reforms PDF Logo
Authors:Campos, Nauro F.
Horváth, Roman
Issue Date:2012
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6522
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.
Subjects:reform reversals
price liberalization
trade liberalization
privatization
political economy
JEL:E23
D72
H26
O17
Persistent Identifier of the first edition:urn:nbn:de:101:1-2012081412470
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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