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larger reform package of economic liberalisation in formerly overregulated economies, (b) as a reaction to an increasing …
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wages and prices. -- reform reversals ; price liberalization ; trade liberalization ; privatization ; political economy … reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel … evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase …
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