We investigate the effects of economic crises on the subsequent economic, performance, economic reform, democratization … reform, economic growth and, with a delay, on investment and institutional change. Episodes of high inflation, moreover …, translate into lower subsequent inflation. Crises thus serve as catalysts of reform and institutional change and lead to better …

issues associated with other datasets on changes in economic institutions. The results provide a robust support for the claim … regulatory reform is associated with a 0.15% increase in growth rate of GDP. …

This dissertation contributes to the emerging literature on endogenous political institutions and the causal … relationship between institutions and the political and economic environment. For the purpose, all chapters rely on electoral …

. We then present an assessment of what went wrong with the Washington Consensus-style reform agenda, using a taxonomy of … regarding their expected effects; (ii) fundamental flaws—in either the design, sequencing, or basic premises of the reform … agenda; and (iii) incompleteness of the agenda that left out crucial reform needs, such as volatility, technological …