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  • Measurement issues are one of the most important reasons for the highly contrasting findings in the literature on the effects of structural reforms on growth. This paper puts forward improved measures of economic liberalization across countries and over time, focusing on the unique experience of the transition economies. The paper shows that structural reforms, according to these new measures, follow a much richer dynamics than the one suggested by existing indexes. It also finds that such improved measures also generate stronger links with current theoretical work: in standard growth specifications, it finds that these new measures of reform have larger and more precisely estimated effects than the existing ones.
  • Measurement issues are one of the most important reasons for the highly contrasting findings in the literature on the effects of structural reforms on growth. This paper puts forward improved measures of economic liberalization across countries and over time, focusing on the unique experience of the transition economies. The paper shows that structural reforms, according to these new measures, follow a much richer dynamics than the one suggested by existing indexes. It also finds that such improved measures also generate stronger links with current theoretical work: in standard growth specifications, it finds that these new measures of reform have larger and more precisely estimated effects than the existing ones. (en)
Title
  • Reform Redux: Measurement, determinants and growth implications
  • Reform Redux: Measurement, determinants and growth implications (en)
skos:prefLabel
  • Reform Redux: Measurement, determinants and growth implications
  • Reform Redux: Measurement, determinants and growth implications (en)
skos:notation
  • RIV/00216208:11230/12:10104117!RIV13-GA0-11230___
http://linked.open...avai/riv/aktivita
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  • P(GAP402/10/0448)
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  • 2
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  • 164572
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  • RIV/00216208:11230/12:10104117
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  • implications; growth; determinants; Measurement; Redux; Reform (en)
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  • NL - Nizozemsko
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  • [DE49317CB84B]
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  • European Journal of Political Economy
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  • 28
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  • Horváth, Roman
  • Campos, Nauro
http://linked.open...ain/vavai/riv/wos
  • 000301317400007
issn
  • 0176-2680
number of pages
http://bibframe.org/vocab/doi
  • 10.1016/j.ejpoleco.2011.12.002
http://localhost/t...ganizacniJednotka
  • 11230
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