Economic reform when institutional quality is weak: The case of the Maghreb

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Economic reform when institutional quality is weak : The case of the Maghreb. / Addison, Anthony John; Baliamoune-Lutz, Mina.

In: Journal of Policy Modeling, Vol. 28, 2006, p. 1029-1043.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Addison, AJ & Baliamoune-Lutz, M 2006, 'Economic reform when institutional quality is weak: The case of the Maghreb', Journal of Policy Modeling, vol. 28, pp. 1029-1043. https://doi.org/10.1016/j.jpolmod.2006.04.004

APA

Addison, A. J., & Baliamoune-Lutz, M. (2006). Economic reform when institutional quality is weak: The case of the Maghreb. Journal of Policy Modeling, 28, 1029-1043. https://doi.org/10.1016/j.jpolmod.2006.04.004

Vancouver

Addison AJ, Baliamoune-Lutz M. Economic reform when institutional quality is weak: The case of the Maghreb. Journal of Policy Modeling. 2006;28:1029-1043. https://doi.org/10.1016/j.jpolmod.2006.04.004

Author

Addison, Anthony John ; Baliamoune-Lutz, Mina. / Economic reform when institutional quality is weak : The case of the Maghreb. In: Journal of Policy Modeling. 2006 ; Vol. 28. pp. 1029-1043.

Bibtex

@article{2b69ca9fd0d1484d8bfc8a4e6e813bc8,
title = "Economic reform when institutional quality is weak: The case of the Maghreb",
abstract = "Institutional improvement can be a very slow and uncertain process when institutional quality is weak. In the meantime, countries have launched far-reaching economic reforms whose success is predicated on a large investment response. However, the uncertainties attending institutional reform can raise perceptions of risk, thereby muting investment responses. Using new values of institutional quality for three Maghreb countries (Algeria, Morocco and Tunisia), which we derive from fuzzy-set based transformations on freedom indices, we show that moving from low institutional quality to a stage of {\textquoteleft}partial improvement{\textquoteright} may reduce income per capita, with financial and trade reforms having unintended negative effects.",
author = "Addison, {Anthony John} and Mina Baliamoune-Lutz",
year = "2006",
doi = "10.1016/j.jpolmod.2006.04.004",
language = "English",
volume = "28",
pages = "1029--1043",
journal = "Journal of Policy Modeling",
issn = "0161-8938",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Economic reform when institutional quality is weak

T2 - The case of the Maghreb

AU - Addison, Anthony John

AU - Baliamoune-Lutz, Mina

PY - 2006

Y1 - 2006

N2 - Institutional improvement can be a very slow and uncertain process when institutional quality is weak. In the meantime, countries have launched far-reaching economic reforms whose success is predicated on a large investment response. However, the uncertainties attending institutional reform can raise perceptions of risk, thereby muting investment responses. Using new values of institutional quality for three Maghreb countries (Algeria, Morocco and Tunisia), which we derive from fuzzy-set based transformations on freedom indices, we show that moving from low institutional quality to a stage of ‘partial improvement’ may reduce income per capita, with financial and trade reforms having unintended negative effects.

AB - Institutional improvement can be a very slow and uncertain process when institutional quality is weak. In the meantime, countries have launched far-reaching economic reforms whose success is predicated on a large investment response. However, the uncertainties attending institutional reform can raise perceptions of risk, thereby muting investment responses. Using new values of institutional quality for three Maghreb countries (Algeria, Morocco and Tunisia), which we derive from fuzzy-set based transformations on freedom indices, we show that moving from low institutional quality to a stage of ‘partial improvement’ may reduce income per capita, with financial and trade reforms having unintended negative effects.

U2 - 10.1016/j.jpolmod.2006.04.004

DO - 10.1016/j.jpolmod.2006.04.004

M3 - Journal article

VL - 28

SP - 1029

EP - 1043

JO - Journal of Policy Modeling

JF - Journal of Policy Modeling

SN - 0161-8938

ER -

ID: 335691208