This article analyzed the evolution of the regulatory system in the telecommunications sector in Brazil, incorporating … model, on the contrary, suffered from increasing tensions from institutions inside the federal administration. Lack of …, implementing divergent policies. As incentive model affects efficiency of the regulatory system, observed instability might be one …

to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and … investigates direct and delayed reform effects on synchronisation by applying robustness tests to a panel data framework with … bilateral data. Our findings indicate a strong instantaneous relationship between both similarity of institutions as well as …

to fill this gap by estimating impulse responses to benefit reform shocks identified for a panel of OECD countries …

ventures. That is followed by three papers that focus on the institutions that (fail to) channel financial resources to such … ventures and two papers that analyze the relevance of labor market institutions. The special issue concludes with two papers … investigating how the interplay of institutions and productive entrepreneurship results in economic growth. …

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 …