What Makes Reforms Likely? Timing and Sequencing of Structural Reforms in Latin America

45 Pages Posted: 21 Apr 2011  

Eduardo A. Lora

Inter-American Development Bank (IDB) - Research Department

Multiple version iconThere are 2 versions of this paper

Date Written: June 2000

Abstract

The wave of structural reforms in Latin America and elsewhere has stimulated the development of a wide body of theoretical literature on the political economy of reform, i. e. , the study of the political constraints that condition the timing, speed and sequencing of reforms. This paper tests some of the hypotheses associated with these theoretical models, using a set of structural reform indicators for approximately twenty Latin American countries for the period 1985-1995. Although there is strong support for some hypotheses, recent reforms in Latin America cannot be adequately explained without either better theories or better data.

Suggested Citation

Lora, Eduardo A., What Makes Reforms Likely? Timing and Sequencing of Structural Reforms in Latin America (June 2000). IDB Working Paper No. 355. Available at SSRN: https://ssrn.com/abstract=1817223 or http://dx.doi.org/10.2139/ssrn.1817223

Eduardo A. Lora (Contact Author)

Inter-American Development Bank (IDB) - Research Department ( email )

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Washington, DC 20577
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