45 Pages Posted: 21 Apr 2011
Date Written: June 2000
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: 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