Initial conditions and the outcome of economic reform

This paper studies how initial conditions affect the outcome of reform using the case of trade liberalization as an example. The paper illustrates empirically and theoretically the seemingly paradoxical case of larger impact of reform when initial conditions are poorer.

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Bibliographische Detailangaben
Veröffentlicht in:	Economics letters 2008-12, Vol.101 (3), p.230-233
Hauptverfasser:	Kaltani, Linda, Loayza, Norman V.
Format:	Artikel
Sprache:	eng
Schlagworte:	Developing countries Development Planning and Policy: Trade Policy Economic conditions Economic reform Economic reforms Economic reforms Reform-sequencing Initial conditions Developing countries Trade liberalization Factor Movement Foreign Exchange Policy O240 Initial conditions International Linkages to Development International Trade Organizations F130 Reform-sequencing Role of International Organizations O190 Trade liberalization Trade Policy
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Beschreibung
Zusammenfassung:	This paper studies how initial conditions affect the outcome of reform using the case of trade liberalization as an example. The paper illustrates empirically and theoretically the seemingly paradoxical case of larger impact of reform when initial conditions are poorer.
ISSN:	0165-1765 1873-7374
DOI:	10.1016/j.econlet.2008.08.013