Review paper
DO CRISES INDUCE REFORM? A CRITICAL REVIEW OF CONCEPTION, METHODOLOGY AND EMPIRICAL EVIDENCE OF THE ‘CRISIS HYPOTHESIS’
Abstract
The notion that economic crises induce the adoption of reform ranks among the most widely accepted concepts in the political economics literature. However, the underlying mechanism of the so‐called ‘crisis hypothesis’ has yet to be fully understood. This paper provides a comprehensive survey of the relevant empirical evidence to date, and scrutinizes the operationalization of the hypothesis’ key concepts: crisis, reform and the political...
Paper Details
Title
DO CRISES INDUCE REFORM? A CRITICAL REVIEW OF CONCEPTION, METHODOLOGY AND EMPIRICAL EVIDENCE OF THE ‘CRISIS HYPOTHESIS’
Published Date
May 22, 2017
Journal
Volume
32
Issue
3
Pages
613 - 648
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