On the Reversibility of Structural Reforms

        with Roman Horváth

        Published in Economics Letters 117 (2012) 217219 (PDF or link)

        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
        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 price liberalization.

         Download working paper version:               IZA DP

         Data set CH3 reform indexes is available   here

         Addtional results are available                     here

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