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 …

taxation that relies, both on voting and on "influence activities," exploited by the capitalist elite in order to capture some … political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a …