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 …

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 …

given to the re-emergence of the Asian giants, the People's Republic of China (PRC) and India. Both countries have attained …

reform and growth policies based on the flying-geese model which highlights "step-by-step" changes in a country …

whether structural reforms have a positive or negative impact depends on various factors. The type of reform, timing, sequence …