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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 …
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Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...
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Morocco charted its own distinctive path of power sector reform. It selectively introduced private sector participation … disparate actions of political parties and sector institutions. Ambitious targets for electricity access, liberalization, and … operational efficiency has been broadly adequate, performance has fluctuated over time. Moreover, the sector's achievements …
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