Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/32631
Título: | What determines the likelihood of structural reforms? |
Autor(es): | Agnello, Luca Castro, Vitor Jalles, João Tovar Sousa, Ricardo M. |
Palavras-chave: | Structural reforms Recessions Globalisation Crisis episodes Political setup G28 P11 P16 |
Data: | 2015 |
Editora: | Elsevier 1 |
Revista: | European Journal of Political Economy |
Resumo(s): | We use data for a panel of 60 countries over the period 1980–2005 to investigate the main drivers of the likelihood of structural reforms. We find that: (i) external debt crises are the main trigger of financial and banking reforms; (ii) inflation and banking crises are the key drivers of external capital account reforms; (iii) banking crises also hasten financial reforms; and (iv) economic recessions play an important role in promoting the necessary consensus for financial, capital, banking and trade reforms, especially in the group of OECD-countries. Additionally, we also observe that the degree of globalisation is relevant for financial reforms, in particular in the group of non-OECD countries. Moreover, an increase in the income gap accelerates the implementation of structural reforms, but increased political fragmentation does not seem to have a significant impact. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/32631 |
DOI: | 10.1016/j.ejpoleco.2014.10.007 |
ISSN: | 0176-2680 |
Versão da editora: | http://www.sciencedirect.com/science/article/pii/S0176268014001001 |
Arbitragem científica: | yes |
Acesso: | Acesso restrito UMinho |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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What determines the likelihood of structural reforms.pdf Acesso restrito! | What determines the likelihood of structural reforms? | 9,19 MB | Adobe PDF | Ver/Abrir |