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 …

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization … economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …

We examine how socio-political conflict in Bolivia has affected its economic performance since the 1970s. Such conflict … characteristics of conflict in Bolivia using a unique data set. We then provide estimates of the direct costs of conflict and examine … how levels of conflict, economic performance, and governance might be related in Bolivia’s recent history. …