TY  - RPRT
        AU  - Campos, Nauro F.
AU  - Horváth, Roman
        TI  - On the Reversibility of Structural Reforms
        PY  - 2012/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6522
        UR  - https://www.iza.org/publications/dp6522
        AB  - 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.
        KW  - reform reversals
KW  - price liberalization
KW  - trade liberalization
KW  - privatization
KW  - political economy
        ER  -