Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom

By Allan Drazen, William R. Easterly. 2001

247 citations recorded by the source corpus.

Subfields: Development, Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/cf6ce35f0a740986981038bb12eb986d82bf394a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Development

1. Helen V. Milner
2. K. Kubota
3. Pietro Veronesi
4. Ľuboš Pástor
5. Edward D. Mansfield
6. E. Reinhardt
7. Bumba Mukherjee
8. In Song Kim

In Economics and Econometrics

1. Pietro Veronesi
2. Ľuboš Pástor
3. Helen V. Milner
4. A. Garnero
5. K. Kubota
6. Andrea Bassanini
7. Guofu Zhou
8. Po-Hsuan Hsu

In Information Systems

1. Pietro Veronesi
2. Ľuboš Pástor
3. Helen V. Milner

Citations in the corpus

• The Political Economy of Government Debt (2015, unknown): “A second line of inquiry has focused on the idea the point that “crises generates reforms”, as in Drazen and Easterly (2001).”
• Dismissal Protection and Worker Flows in OECD Countries: Evidence from Cross-Country/Cross-Industry Data (2013, background): “1 Search and matching models, such as those of Garibaldi (1998) or Mortensen and Pissarides (1999), also come to the conclusion that job mobility is negatively affected by the stringency of dismissal regulations.”
• Why the Move to Free Trade? Democracy and Trade Policy in the Developing Countries (2005, background): “…See, for example, Stallings and Kaufman 1989; Nelson 1990 and 1994a; Haggard and Kaufmann 1995; Edwards 1995; Drazen and Grilli 1993; Tornell 1998; and Drazen and Easterly 2001+ factors+ Since the late 1970s, democracies and democratization have led to lower levels of trade barriers, ceteris…”
• Uncertainty about Government Policy and Stock Prices (2012, background): “Drazen and Easterly (2001) and Alesina, Ardagna, and Trebbi (2006) also find evidence supporting the hypothesis that crises induce reforms, although the former study finds such evidence only for a subset of the crisis indicators.”
• Financial Reform: What Shakes it? What Shapes it? (2003, unknown): “" Drazen and Easterly (2001) find that it takes a severe crisis (hyperinflation) for a reform effort to coalesce.”
• Democracy and Reforms: Evidence from a New Dataset (2010, unknown): “4 For some recent papers, see Alesina, Ardagna, and Trebbi (2005), Abiad and Mody (2005), Drazen and Easterly (2001), and Lora (1998).”