Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be … driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of … informational spillovers with respect to economic reforms. -- reform ; transition ; institutions ; uncertainty ; spillovers …