As Kurt Weyland points out in his introduction, we have a rich scholarly literature on the causes and processes of neoliberal reforms in Latin America and elsewhere. In contrast, much of the debate about the effects of neoliberal reforms in Latin America has been carried out at a political and ideological level. The image of an overblown and inefficient state that stifles market forces and private initiative has been contrasted with the model of a lean and efficient state that relies on the market to set free productive energies and thus stimulates growth and solves social problems (e.g., Larroulet 1993). With this research note, we aim to make a contribution to the emerging empirically based scholarly literature that investigates the effects of neoliberal policy reforms (e.g., Stallings and Peres 2000).