Die meisten Staaten Lateinamerikas und darüber hinaus viele Entwicklungsländer weltweit haben in den letzten 10 Jahren substantielle Reformen ihrer Volkswirtschaften vorgenommen. Ziel dieser Reformen ist es, den überkommenen Weg der staatlich gelenkten wirtschaftlichen Entwicklung hinter...

What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that 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...

Despite over three decades of Liberalisation policies in Africa, income-inequality has stayed persistently high. Using updated panel data of 26 African countries spanning the period 1996-2010, this study examines the effect of liberalisation policies with particular focus on financial, trade,...