larger reform package of economic liberalisation in formerly overregulated economies, (b) as a reaction to an increasing …

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 …