By Julius Spatz
Fueled by means of the continued debate concerning the distributive results of the Washington Consensus, the dynamics of poverty and inequality have back to the heart of recognition of educational students, policymakers, and the general public at huge. the most hindrances to reading this factor are incomplete source of revenue and intake info in constructing international locations. therefore, the e-book offers a brand new dynamic cross-survey microsimulation technique and applies it to generate the database for an in depth case research on Bolivia in the course of the period of structural reforms. development upon this database, the dynamics of alternative dimensions of poverty and inequality in 1989 - 2002 are analyzed with numerous microeconomic instruments. The empirical effects recommend that during the case of Bolivia the impression of the Washington Consensus has neither lived as much as the expectancies of its proponents nor to the fears of its critics.
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Extra info for Poverty and Inequality in the Era of Structural Reforms: The Case of Bolivia
2c) shows that Bolivia started to privatize its public companies relatively late, but then carried out the most ambitious privatization program in Latin America. 2d), which partially reflects progress in product-market deregulation, displays a more irregular behavior. Starting from slightly above aver19 Since Morley et al. (1999) analyze the structural reform progress in Latin America only until 1995, the latter finding cannot be checked with their index. 6 4^.. ) Source: Own calculations based on Morley et al.
However, over time the other Latin American countries nearly offset Bolivia's lead in this policy area. 2c) shows that Bolivia started to privatize its public companies relatively late, but then carried out the most ambitious privatization program in Latin America. 2d), which partially reflects progress in product-market deregulation, displays a more irregular behavior. Starting from slightly above aver19 Since Morley et al. (1999) analyze the structural reform progress in Latin America only until 1995, the latter finding cannot be checked with their index.
2f), the domestic financial reform index and the labor reform index of Bolivia follow different time paths. As concerns the reform of the capital markets, the country switched from one of the least liberal to one of the most liberal regimes in Latin America. By contrast, the Bolivian labor reform index fell far short of the average index value of the region throughout the entire observation period. This signifies that with respect to labor-market reforms, no progress has been made so far. To analyze whether the structural reform process of Bolivia affected not only the neutrality of government policies but also the quality of governance in a broader sense, we draw on the six governance indicators of Kaufmann et al.