Uncertainty, informational spillovers and policy reform. A gravity model approach.

Autor/inn/en	Fidrmuc, Jan; Karaja, Elira
Titel	Uncertainty, informational spillovers and policy reform. A gravity model approach. Gefälligkeitsübersetzung: Unsicherheit, Wissenstransfer und Reformpolitik. Ein Gravitätsmodell.
Quelle	In: European journal of political economy, (2013) 32, S. 182-192 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0176-2680; 1873-5703
DOI	10.1016/j.ejpoleco.2013.07.003
Schlagwörter	Erfahrungswissen; Unsicherheit; Lernen; Wissenstransfer; Demokratisierung; Reformpolitik; Transformation; Wirtschaftspolitik; Liberalisierung; Politische Entscheidung; Osteuropa
Abstract	"Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves can be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple theoretical model of informational spillovers and learning, and then test it empirically using an approach inspired by the gravity model. We find evidence of informational spillovers both with respect to both political and economic liberalization. While the previous literature has focused only on economic reform, we find that the spillovers are particularly important for political changes." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2014/2