In this article we examine the dynamics of economic reforms that are implemented by incumbent policy-makers interested in maintaining their political power. We use a sample of 86 countries over a time period going from 1980 to 2001 and find that the achievement of an equilibrium level of market liberalization is highly costly. Our results are robust to endogenity and model specification.

Towards an equilibrium level ofmarket reform: how politics affectsthe dynamics of policy change

LEONIDA, Leone;MAIMONE ANSALDO PATTI, Dario;NAVARRA, Pietro
2007-01-01

Abstract

In this article we examine the dynamics of economic reforms that are implemented by incumbent policy-makers interested in maintaining their political power. We use a sample of 86 countries over a time period going from 1980 to 2001 and find that the achievement of an equilibrium level of market liberalization is highly costly. Our results are robust to endogenity and model specification.
2007
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11570/1727697
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