We take advantage of a quasi-natural experiment in Peru by which the privatized telecommunications company was required …

and political data to analyse both the determinants and the impact of telecommunications policies. We find that …

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 …