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This paper explores the impact of antiquity on capitalism through the finance-growth nexus. We define antiquity as the length of established statehood (i.e., state history) and agricultural years. We argue that extractive institutions and deeply entrenched interest groups may prevail in...
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politicized. While external assistance may translate into external influence leading to a greater likelihood of reform, it may … also fuel corruption and weaken incentives for reform. This paper draws from bargaining and network theories to show how … illustrate through brief descriptions of security sector reform efforts in Sierra Leone and Timor Leste how international …
Persistent link: https://www.econbiz.de/10014205236
-- Overview -- Why Reform? -- What Is Subsidy Reform? -- Analytical Framework -- A Political Economy Analysis of the Onset …, Evolution, and Reform of Subsidy Regimes -- Case Study Selection -- Conclusions -- Annex 1A Episodes of Subsidy Reform -- Notes … Political Context -- Energy Sector Overview -- Reform of LPG Subsidies -- Reform of Electricity Subsidies -- Circumstances That …
Persistent link: https://www.econbiz.de/10012682854
This book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four … in-depth country studies covering more than 30 distinct episodes of reform. Five key lessons emerge. First, energy …-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary …
Persistent link: https://www.econbiz.de/10012245358
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Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster … macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises … interdependencies between the two types of crises, feedbacks between the two types of reform, the use of alternative measures of …
Persistent link: https://www.econbiz.de/10003348532