The wave of structural reforms in Latin America and elsewhere has stimulated the development of a wide body of theoretical literature on the political economy of reform, i. e. , the study of the political constraints that condition the timing, speed and sequencing of reforms. This paper tests...

From the mid-1980s to the mid-1990s Latin America experienced a profound economic revolution as import restrictions were lifted, financial markets liberalized and numerous state enterprises privatized. The economic effects of these types of structural reforms are widely thought to be positive,...

The purpose of this paper is to test the main hypotheses of the recent theoretical literature on the political economy of reform for the case of the Latin American countries between 1985 and 1995. The paper first reviews the literature and extracts the main testable hypotheses. Then, a system of...