Construct · 1 fields · 1 citations

crisis hypothesis of economic reform: a standalone construct

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Development economics

the hypothesis that economic crises open the way to policy reform by discrediting the status quo and weakening resistance.

In development economics, crisis hypothesis of economic reform refers to the hypothesis that economic crises open the way to policy reform by discrediting the status quo and weakening resistance. This meaning comes from Drazen (2001) in Economics & Politics.[1]

Unit
Recovery means
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Nearby constructs

crisis4 fields · 9 citationsjingle · one word, four constructs development1 fields · 2 citationsanchor · a standalone construct hypothesis2 fields · 2 citationsjingle · one word, two constructs

References

Drazen, A., & Easterly, W. (2001). Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom. Economics & Politics, 13(2), 129-157. https://doi.org/10.1111/1468-0343.00087

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